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Speaker 1: Cable news is ripping us apart, dividing the nation, making

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Speaker 1: it impossible to function as a society and to know

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Speaker 1: what is true and what is false. The good news

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Speaker 1: is that they're failing and they know it. That is

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Speaker 1: why we're building something new. Be part of creating a new, better, healthier,

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Speaker 1: and more trustworthy mainstream by becoming a Breaking Points Premium

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Speaker 1: member today at breakingpoints dot com. Your hard earned money

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Speaker 1: is going to help us build for the midterms and

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Speaker 1: the upcoming presidential election so we can provide unparalleled coverage

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Speaker 1: of what is sure to be one of the most

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Speaker 1: pivotal moments in American history. So what are you waiting for?

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Speaker 1: Go to Breakingpoints dot com to help us out. Good morning, everybody,

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Speaker 1: Happy Tuesday. We have an amazing show for everybody today.

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Speaker 1: What do we have Crystal? Indeed, we do lots to

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Speaker 1: get to this morning. First of all, well, Biden still

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Speaker 1: in this will he or won't he? After months of

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Speaker 1: contemplation whether they might do something on the federal gas tax.

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Speaker 1: I will tell you about that. Also, a quite shocking

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Speaker 1: ad coming out of the Republican Senate primary in Missouri

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Speaker 1: from the candidate who is now the front runner in

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Speaker 1: spite of allegations that he has abused both his ex

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Speaker 1: wife and his children. So we will tell you about

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Speaker 1: all of that as well. Hillary Clinton, for some reason

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Speaker 1: being asked how Democrats can win in spite of the

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Speaker 1: fact that, you know, maybe not the best person to

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Speaker 1: go to advice for how to win elections. But okay,

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Speaker 1: we'll hear what she has to say. Taylor Lorenz getting

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Speaker 1: a demotion at the Washington Post, talk to you about that.

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Speaker 1: Soccer's looking at TikTok. I am looking at whether the

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Speaker 1: economy as we know it is completely ending. And we

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Speaker 1: have a great guest on to break down the French

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Speaker 1: election results, which were pretty stunning. But we wanted to

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Speaker 1: start with some very significant developments with regards to Russia's

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Speaker 1: war in Ukraine. Yeah, this is really being under play

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Speaker 1: by the Western press, frankly because they don't think they

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Speaker 1: understand the exact mechanics involved. Let's get and put this

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Speaker 1: on the screen. So Russia is currently threatening retaliation against

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Speaker 1: the country of Lithuania, who is banning goods of transit

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Speaker 1: to Kaliningrad. So, for those who aren't familiar with the

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Speaker 1: geography of Eastern Europe, Kaliningrad is an enclave of Russia

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Speaker 1: on the Baltic Sea, through which they have not necessarily

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Speaker 1: a treaty but an understanding with Lithuania and more that

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Speaker 1: they will be able to transport goods by rail across

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Speaker 1: the country of Lithuania to its own sovereign territory in Kaliningrad.

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Speaker 1: This was a hard won concession all throughout the breakup

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Speaker 1: of the Soviet Union. It's a long time outpost of

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Speaker 1: the Russian navy, and it's considered Russian territory obviously, both

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Speaker 1: by long standing precedent and more now, currently Lithuania is

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Speaker 1: banning the transit of goods between Russian territory. So we're

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Speaker 1: not talking about Russia transporting something to somewhere else. We're

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Speaker 1: talking about Russia trans supporting something to its own sovereign territory. Now,

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Speaker 1: the reason that this matters is that Lithuania is banning

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Speaker 1: some of these goods on the basis that they claim

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Speaker 1: that the goods are been sanctioned by the European Union.

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Speaker 1: Lithuania is both a member of the EU, but more

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Speaker 1: importantly for our purposes, is a member of the NATO Alliance,

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Speaker 1: and so whenever they ban these Russian goods and transit.

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Speaker 1: This would directly implicate the security of the United States.

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Speaker 1: In terms of Russia, they are claiming an outrageous breach

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Speaker 1: both of precedent but also saying that this is a

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Speaker 1: direct meddling by NATO in its internal affairs, which you

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Speaker 1: know on the propaganda campaign. On what they're saying both

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Speaker 1: on television in Russia and within the Duma, this is

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Speaker 1: some of the highest rhetoric that we have seen. So

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Speaker 1: Dmitri Peskov says this quote, this is an illegal move. Quote,

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Speaker 1: this decision is unprecedented, it is a violation of everything.

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Speaker 1: We consider this illegal. The situation is more than serious.

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Speaker 1: We need a serious, in depth analysis in order to

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Speaker 1: work out our response, and the Foreign Ministry said that

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Speaker 1: villainous must reverse the quote openly hostile move if the

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Speaker 1: cargo transit between the killin in God region and the

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Speaker 1: rest of Russian Federation via Lithuania is not fully restored

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Speaker 1: in the future. Russia reserves the right to take actions

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Speaker 1: to protect its national interest, so that obviously is the

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Speaker 1: highest escalation there of the discussion. The Lithuanians say that

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Speaker 1: their hands are tied. They're like, look, the Moscow is

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Speaker 1: spreading fake news. They are the ones who are just

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Speaker 1: implementing the sanctions regime has been put in by the EU.

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Speaker 1: They claim that their hands are tied. Their hands are

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Speaker 1: not tied. Okay, they could let the goods transit if

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Speaker 1: they wanted to. And I think that this is especially

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Speaker 1: escalatora in our part crystal, because this is Lithuania, it

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Speaker 1: is a member of the NATO Alliance. It does directly

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Speaker 1: implicate what the Russians would consider their internal national security affairs.

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Speaker 1: And this could actually be a real jump off point

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Speaker 1: in terms of where a foreign squ outside of Ukraine

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Speaker 1: and the direct impact on all of us could see

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Speaker 1: some it. This is where we could see the flashpoint.

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Speaker 1: And frankly, the press here is really not covering at all.

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Speaker 1: This is a European story. Is by major implications for everybody. Yeah,

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Speaker 1: I think that's right. And there are two things you

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Speaker 1: have to separate, separate out. There's the reality and then

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Speaker 1: there's the symbolism of it. So the reality is number one.

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Speaker 1: At least according to Lithuania, they are not blocking all goods.

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Speaker 1: They're blocking maybe fifty percent of what's going there. It's

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Speaker 1: still iron steel, it's still a lot. Reportedly, there is

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Speaker 1: mass panic buying in the city of kellen Ingrad because

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Speaker 1: people are concerned they're not going to be able to

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Speaker 1: get basic foods, medicines, et cetera. Now, the reality is

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Speaker 1: Russia has already said they're going to be able to

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Speaker 1: circumvent this semi blockade whatever you want to call it,

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Speaker 1: by shipping goods by sea. But in terms of you know,

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Speaker 1: a sense of a real attack on their sovereign territory,

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Speaker 1: and clearly this rhetoric coming out of Russia is meant

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Speaker 1: not only to signal their extreme displeasure but also to

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Speaker 1: galvanize their population against this type of act. This is

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Speaker 1: really disastrous, And of course Lithuania is saying, hey, look,

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Speaker 1: we're just doing what you guys told us to do.

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Speaker 1: We're just implementing the sanctions that all European nations are

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Speaker 1: on board with. Well, that's not a great situation either,

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Speaker 1: because that also directly implicates us in our western allies.

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Speaker 1: So it is for sure a dangerous escalatory situation. And

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Speaker 1: you never know where these flashpoints are going to come.

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Speaker 1: You never know whether they're going to fizzle out, whether

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Speaker 1: the Russians are just chest beating and they're going to

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Speaker 1: back down. How this all works out, but it seems

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Speaker 1: wildly unnecessary and inflammatory to engage in even you know,

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Speaker 1: even if we grant that this is a partial blockade,

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Speaker 1: it seems wildly irresponsible and escalatory to do. Yeah, I

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Speaker 1: think that that's really just the way to put it.

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Speaker 1: And just to give you an idea, you know, Ukraine

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Speaker 1: is actually supporting this. So the Foreign Minister of Ukraine

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Speaker 1: actually put out a statement saying Russia has no right

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Speaker 1: to threaten Lithuania. Moscow has only itself to blame for

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Speaker 1: the consequences of its unprovoked and unjustified invasion of Ukraine.

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Speaker 1: We commend Lithuania's principle stand and stand firmly by our

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Speaker 1: Lithuanian friends. Obviously, the Baltic Allies are the ones who

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Speaker 1: are prompting most per capita in terms of GDP weapons

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Speaker 1: into Ukraine, and frankly they're the ones, you know, having

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Speaker 1: been former Soviet Union states and members of NATO, where

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Speaker 1: you're probably going to see the most amount of support

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Speaker 1: at a domestic political level and from a foreign policy perspective.

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Speaker 1: As this is something I've really been trying to warn

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Speaker 1: from the beginning, which is that remember, NATO is all

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Speaker 1: of us you know, it's not just the United States.

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Speaker 1: As much as we may have a policy, the policy

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Speaker 1: of Germany directly implicates us, the policy of the UK

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Speaker 1: and yes, now the policy of the Baltic States. So

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Speaker 1: Lithuania tiny country, you know less probably I don't know

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Speaker 1: the exact population exactly, but their foreign policy has direct

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Speaker 1: implications on us if there were to ever be an attack.

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Speaker 1: Now do I think an attack is coming. No, As

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Speaker 1: you said, Russia currently is used a ferry system in

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Speaker 1: order to get its goods to Cliningrad. But the fact

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Speaker 1: that this is spilling over directly outside of Ukraine and

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Speaker 1: having a sanctions policy, which per Russian policy, would be

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Speaker 1: considered internal meddling in their affairs, I think it's a problem.

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Speaker 1: And it also raises questions as to how things would

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Speaker 1: work with Poland, which is also frankly a much stronger

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Speaker 1: NATO ally, as well as all of the rest. In

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Speaker 1: addition to both Sweden and Finland which are continuing their

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Speaker 1: bid both for EU membership or sorry for NATO membership,

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Speaker 1: and Ukraine actually also in pursuing its bid for EU membership,

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Speaker 1: which they say that they will be able to fast track.

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Speaker 1: And at the same time, you know, we're seeing considerations

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Speaker 1: and statements. Again not one percent noticed by the American press,

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Speaker 1: but these are very important comments. Let's put us up

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Speaker 1: there on the screen. This is from NATO chief Yen Steltenberg.

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Speaker 1: Here's what he says. Quote. The war in Ukraine could

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Speaker 1: last for years, he said in an interview with the

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Speaker 1: daily German newspaper Bill, while he was reiterating calls for

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Speaker 1: Western countries to provide long term support for Kiev. Here's

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Speaker 1: what he says, quote, we must be prepared for this

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Speaker 1: to last four years. We must not weaken in our

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Speaker 1: support of Ukraine, even if the costs are high, not

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Speaker 1: only in terms of military support, but also because of

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Speaker 1: rising energy and food prices. And I think that this

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Speaker 1: is the next phase of the way that the West

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Speaker 1: is going to try and sell it, which is their

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Speaker 1: domestic populations are starting to get fed up. We have

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Speaker 1: five dollars gas here in the US does not even

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Speaker 1: compare to what gas prices are in Europe. And in

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Speaker 1: Europe they're not just seeing the type of inflation that

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Speaker 1: we're seeing at the gas pump Chrystal, they are seeing

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Speaker 1: it in terms of their energy bills. Because people need

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Speaker 1: to understand Italy and Germany have been cut off by

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Speaker 1: Russian pipelines for natural gas to the extent of forty

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Speaker 1: percent in Italy's case, sixty percent in Germany. At the

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Speaker 1: same time, an LNG export hub here in the United

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Speaker 1: States exploded. It won't be able to deliver LA for

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Speaker 1: a minimum of ninety days. So prices in Europe went

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Speaker 1: up seventeen percent just in a single day in terms

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Speaker 1: of electricity. So that is a preview of what is

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Speaker 1: to come. And I just think that the longer that

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Speaker 1: the war continues, the longer that there is not any

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Speaker 1: peace process. You know, frankly the Russians too, you know

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Speaker 1: that nobody's stopping them from also actually trying to ask

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Speaker 1: for priests. And then also on the Ukrainians, if we

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Speaker 1: don't set up the chess board in the correct way,

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Speaker 1: we're going to see more klin Ingrad type incidents which

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Speaker 1: could have escalatory problems on the part of the entire West,

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Speaker 1: both the EU and the NATO Alliance. So I think

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Speaker 1: this is why we're spending some time on this this morning.

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Speaker 1: At this point, the sanctions regime is making me feel

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Speaker 1: insane because I mean, we're literally sanctioning our own people

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Speaker 1: and devastating developing world, global South nation. I mean, the

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Speaker 1: level of famine and hunger that we are sparking in

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Speaker 1: parts of the world to just like casually handwa that,

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Speaker 1: like you know, the costs are high, but we got

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Speaker 1: to keep going like that's nothing. And then the reality

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Speaker 1: is the sanctions have completely backfired. So you've imposed all

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Speaker 1: this pain and austerity on your own populations and on

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Speaker 1: vulnerable populations around the entire globe. Meanwhile, Putin has never

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Speaker 1: gotten more revenue than right now, because I want, let's

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Speaker 1: stick on this point. You meete one hundred billion dollars Crystal.

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Speaker 1: That's more than they needed to fund the entire word

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Speaker 1: literally record breaking oil profits. Literally, I mean because directly

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Speaker 1: because of our sanctions are ordinary Russian people hurting. Yes,

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Speaker 1: was that the goal to starve out some like poor

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Speaker 1: working class Russian who had nothing to do with this.

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Speaker 1: And by the way, all of these actions and this

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Speaker 1: was predictable from the beginning, and in fact, we did

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Speaker 1: predict it from the beginning. What is Putin telling his

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Speaker 1: domestic population, He's saying, the West is out to get you,

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Speaker 1: they want to destroy Russia. And then we say, hey,

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Speaker 1: we're launching all out economic work to destroy Russia. That

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Speaker 1: plays right into his hand. He and his cronies, they

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Speaker 1: are not suffering one bit. And we're going to talk

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Speaker 1: about some of his comments later in an important speech

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Speaker 1: last week that I think shows demonstrates how sort of

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Speaker 1: comfortable he's feeling right now from an economic perspective. Meanwhile,

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Speaker 1: this is rallying ordinary Russians to his side, proving his point.

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Speaker 1: So all of this has been a disaster. I mean, listen,

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Speaker 1: if it was actually working right, if the Ukrainians were winning,

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Speaker 1: if this wasn't like an effective sanction on our own

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Speaker 1: populations and a subsidy by the way to the Chinese

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Speaker 1: middle class, yes, and at the expense of our own

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Speaker 1: middle class. If it was actually bleeding russia drive and

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Speaker 1: in impacting their ability to wage this war. Okay, we

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Speaker 1: could have a debate about it. I still have issues

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Speaker 1: with it, but could there would be a reasonable debate there.

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Speaker 1: At this point, what is the case for continuing in

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Speaker 1: the same direction. I just genuinely don't understand. We discussed

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Speaker 1: this yesterday with Peter zion. I again think it's where

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Speaker 1: emphasizing Russia made one hundred million dollars in just one

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Speaker 1: hundred days posts the sanctioned regime, and Russia has now

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Speaker 1: become the single largest supplier of oil to the country

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Speaker 1: of China, even surpassing Saudi Arabia, because they're willing to

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Speaker 1: sell it at a discount rate at the current global market,

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Speaker 1: in addition to India. So we have created a discount

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Speaker 1: market for the Chinese and the Indians. I guess props

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Speaker 1: to them. You know, they're getting a nice deal on oil.

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Speaker 1: At the same time our regime, our country is paying

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Speaker 1: outrageous sums for oil and gas. In addition to the

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Speaker 1: entire you know, unified West, and then the Russian military

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Speaker 1: putin war war machine is enriched to a historic degree.

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Speaker 1: They have plenty of money in order to conduct the war.

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Speaker 1: The counter to what we're saying is, yeah, crystal onzager,

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Speaker 1: but it's going to take a couple of years for

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Speaker 1: those sanctions to kick in. Okay, So as the NATO

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Speaker 1: chief says, you want us to pay for three years

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Speaker 1: and again, okay, let's say it was working on the battlefield,

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Speaker 1: but we don't currently have indications of that. Let's put

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Speaker 1: up there on the screen. You know, Ukraine is really

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Speaker 1: suffering right now in the faltering defense of the are

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Speaker 1: no don Yetsk apologies Ukrainians, and they are rushing troops

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Speaker 1: there to try and reinforce. But as we pointed out previously,

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Speaker 1: the Ukrainians are losing, and I'm talking killed in action

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Speaker 1: almost two hundred people a day. They're suffering between five

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Speaker 1: hundred to one thousand casualties a day in terms of wounded.

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Speaker 1: They say, look, it's fine, we have a million guys,

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Speaker 1: we have another two million that we can call up.

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Speaker 1: But seeing reports here and this is always a problem.

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Speaker 1: Some of these guys have barely had six weeks of

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Speaker 1: basic training before they're even sent to the front line,

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Speaker 1: so you don't necessarily have the best troops. Of course,

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Speaker 1: Russia also has conscripts. They have problems. They've suffered probably

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Speaker 1: ten to twenty thousand casualties as well. They're not giving

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Speaker 1: us the numbers, but their ability in order to continue

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Speaker 1: the grinding war of attrition is certainly able to outlast

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Speaker 1: the current Ukrainian defenses. And same with the oil prices,

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Speaker 1: because yes, a sanctions regime will hurt Russian oil, the

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Speaker 1: Russian oil economy in a couple of years, are not

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Speaker 1: gonna be able to get the parts in order to

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Speaker 1: update their systems or keep maintenance. But Ukraine's going to

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Speaker 1: last three years for that to happen. You want to

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Speaker 1: subject this nation to a war for three years, I mean,

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Speaker 1: the Ukrainians decide to and to be honest, like, it's

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Speaker 1: not like Zelinski is trying to do anything in terms

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Speaker 1: of peace, Like, let's be very clear. Yeah, but we

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Speaker 1: have to ask ourselves why that is. I mean, I

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Speaker 1: think that that has a lot to do with the

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Speaker 1: posture and positioning of their largest patron, overwhelmingly largest patron, us,

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Speaker 1: the United States of America. I mean, we shouldn't really

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Speaker 1: pretend that this is anything other than a true proxy

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Speaker 1: war between the US and Russia. So, look, what Russia's

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Speaker 1: doing right now is more or less easy for them.

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Speaker 1: They're basically sitting back shelling these areas, kind of holding

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Speaker 1: their presumming steady progress in the eastern part of Ukraine.

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Speaker 1: And I saw some credible analysis that said, basically, like

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Speaker 1: their strategy right now is to do that which is

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Speaker 1: very sustainable for them while they rebuild their own true

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Speaker 1: and rebuild their own capabilities. And then what so what

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Speaker 1: Russia is probably thinking is they suffered, you know, humiliating

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Speaker 1: defeats in the early phase of this war, no doubt

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Speaker 1: about it. The more maximalist aims of their goals I

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Speaker 1: think are basically off the table. So what they're working

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Speaker 1: to do now is to regain some leverage. I mean,

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Speaker 1: that's what you see with the really unconscionable, you know,

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Speaker 1: food blockade that they're engaging in. That is also it

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Speaker 1: is horrific, It is absolutely horrific. That's you know, one

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Speaker 1: part of their strategy, the cutting off of natural gas

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Speaker 1: to Italy, so that sort of retaliatory economic warfare, that's

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Speaker 1: part of their strategy to try to gain some leverage

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Speaker 1: in whenever the end state negotiations occur, and then trying

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Speaker 1: to rebuild some of their military capacity and gain ground

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Speaker 1: in eastern Ukraine. That's the other part of their strategy

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Speaker 1: likely to try to gain some leverage over the end

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Speaker 1: state of these negotiations. But I don't know how we

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Speaker 1: can look at, in particular our economic approach, our economic

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Speaker 1: warfare approach to this conflict and say that this has

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Speaker 1: been successful. Because it has been It has had the

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Speaker 1: exact opposite effect of what everybody in DC told us

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Speaker 1: it was going to do. It has like undoubtedly at

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Speaker 1: this point it has strengthened his hand. It's just impossible

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Speaker 1: to see it otherwise. Yeah, and at the same time,

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Speaker 1: Putin completely defiant. Let's go ahead and put this up

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Speaker 1: there on the screen. You know, he's mocking President Biden

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Speaker 1: and the West over the so called Putin inflation at

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Speaker 1: the so called Russian Davos, and his quotes here are

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Speaker 1: very directly going after President Biden, even though he did

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Speaker 1: not name him. He said, with US officials regularly referring

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Speaker 1: to the Putin's price hike, he said, quote they already

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Speaker 1: call inflation with my name. He also suggested the current

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Speaker 1: generation in Russia has the same fate as the Russian

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Speaker 1: seventeenth century Peter the Great in terms of how he

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Speaker 1: sees himself returning and strengthening territory. And he said of

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Speaker 1: the Putin price hike in particular, he said, who is

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Speaker 1: this for? Who believes this? So if you see the

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Speaker 1: speech that Putin is giving, he's mocking President Biden to

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Speaker 1: his domestic population. But I think it's also worth spending

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Speaker 1: a little bit of time in terms of what the

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Speaker 1: rest of what he said, which is he's casting himself

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Speaker 1: as Peter the Great returning directly to Russian imperial ambitions

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Speaker 1: of the days of the Czars, just like in that

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Speaker 1: initial speech before he launched the invasion of Ukraine. And

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Speaker 1: he's painting that very much to the domestic population of Russia,

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Speaker 1: who by all accounts currently support him. I mean, there's

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Speaker 1: no Yes, there were protests in Russia. Hasn't been in

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Speaker 1: protest in a long time, to be honest. We covered

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Speaker 1: them all at the time, certainly in a less segment.

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Speaker 1: Press was very enthusiastic. Yeah, I thought it was great. Yeah,

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Speaker 1: And if there were more, I feel confident we'd be

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Speaker 1: hearing about absolutely. So I think that the domestic populace

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Speaker 1: is probably been ground down. The Russian opposition cannot really

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Speaker 1: credibly from what I have seen, even the Russian opposition

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Speaker 1: is painted in a very difficult corner because they oppose

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Speaker 1: the war, but they are unable to get around the

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Speaker 1: domestic populace who's asking them. Yeah, but the West wants

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Speaker 1: to wage economic war on us, So they are in

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Speaker 1: a very very tricky situation. Even if Navalney, you know,

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Speaker 1: was out of prison, he would find it hard. And

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Speaker 1: he's actually given interviews in the past specifically about how

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Speaker 1: one of the biggest obstacles to him is that Putin

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Speaker 1: is able to weaponize like Western at least not aggression obviously,

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Speaker 1: but Western attitudes towards Russia, and how Navalny himself, by

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Speaker 1: being painted as like this Western figure, finds it difficult

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Speaker 1: to operate actually in Russian circle. So I think the

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Speaker 1: fact that Putin is mocking us, that bocking President Biden

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Speaker 1: continues to speak as if he's the next Peter the Great,

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Speaker 1: and also the actions that I've talked about my monologue previously.

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Speaker 1: You don't cut off Germany and Italy if you need

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Speaker 1: the cash like you're if you really need that cash

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Speaker 1: in order to keep the war going, you're not going

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Speaker 1: to do anything about it. Rubles having its best year

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Speaker 1: of any currency on the globe, and at the same time,

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Speaker 1: they actually are in a position now where the ruble

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Speaker 1: is so strong that there were they actually need to

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Speaker 1: weaken it a little bit. They need to bring the

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Speaker 1: value down because it's causing other problems for them. He

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Speaker 1: made some other comments here that I think are worth

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Speaker 1: highlighting as well. They show that he, you know, after

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Speaker 1: I think some genuine concern probably from him in his

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Speaker 1: regime at the beginning of US launching these extraordinary sanctions.

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Speaker 1: He seems to feel pretty comfortable with where they are,

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Speaker 1: and like we just said, I mean, the numbers bear

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Speaker 1: out that for him personally and his regime, they're good

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Speaker 1: for now. He says, the people behind sanctions didn't manage

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Speaker 1: to take Russia by storm. The state worked professionally, citizens

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Speaker 1: were united in responsible. Gloomy predictions about the Russian economy's

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Speaker 1: future didn't come true true, the economic blitzkrieg against Russia

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Speaker 1: never had any chance of success. And the weaponry of

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Speaker 1: sanctions is a double edged sword, which of course is

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Speaker 1: a not very veiled threat. European countries dealt a serious

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Speaker 1: blow to their own economy, all on their own. Hard

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Speaker 1: to deny that. He claims the EU will lose four

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Speaker 1: hundred million dollars in the sanction. No idea whether that's true.

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Speaker 1: The EU has lost its political sovereignty. He goes on

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Speaker 1: to say, it's elites are dancing to someone else's tune,

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Speaker 1: harming their own population. Europeans and European businesses real interest

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Speaker 1: are totally ignored and swept aside. So yeah, I mean,

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Speaker 1: he seems pretty cocky, frankly about exactly how they have

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Speaker 1: weathered the sanctioned storm, and I was talking to Yegor

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Speaker 1: and he was telling me that in terms of the

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Speaker 1: sort of Russian domestic population, after a lot of angst

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Speaker 1: and anxiety and deep concern about how this was going

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Speaker 1: to affect people, and I think, I mean, it definitely

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Speaker 1: has been has hit ordinary Russian citizens much harder than

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Speaker 1: the regime. But he said, at this point the Russian

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Speaker 1: war in Ukraine has somewhat faded to the background of

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Speaker 1: public life. There isn't the same level of anxiety about

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Speaker 1: what this is going to mean and what this is

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Speaker 1: going to do. So you know, this is putin basically

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Speaker 1: saying listen, I'm fine, you're not hurting me. We're good

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Speaker 1: to go for the long haul and working both through

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Speaker 1: military action and through again much of which is unconsciable,

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Speaker 1: the food blockade, whatever, but to gain leverage so that

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Speaker 1: they are in a stronger position ultimately to negotiate. So

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Speaker 1: the longer that this goes on, the more that there's

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Speaker 1: a grinding stalemate on the battlefield or continued Russian advances

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Speaker 1: on the battlefield, the more desperate that global populations become.

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Speaker 1: And again this hits the global South the hardest because

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Speaker 1: our sanctions on Russian banks make it basically impossible for

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Speaker 1: those nations, even if they want to to be able

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Speaker 1: to buy Russian grain and fertilizer. And we already had

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Speaker 1: regions that were decimated by climate crisis that we're already

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Speaker 1: struggling with crop yields in these years. So you have

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Speaker 1: a massive food crisis in part because of Russia's unconstiable actions,

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Speaker 1: and then in part of our because of our response

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Speaker 1: to the war. So that's where we are. It's a

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Speaker 1: lot of misery, and not that you know, this would

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Speaker 1: be easy to bring to a closer thing like that,

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Speaker 1: but I think everybody should be interested in trying to

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Speaker 1: do what they can to push this thing to an

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Speaker 1: end through a negotiated settlement, so that we can, you know,

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Speaker 1: so that there can be peace in Ukraine, so that

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Speaker 1: it you know, it's not the whole story of inflation,

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Speaker 1: but it is part of it at this point. So

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Speaker 1: we can start to get prices under control, and most importantly,

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Speaker 1: so we can avoid a conflict with a nuclear superpower,

431
00:23:25,440 --> 00:23:28,520
Speaker 1: because that would be a good thing to do. And domestically, well,

432
00:23:28,760 --> 00:23:31,920
Speaker 1: President Biden, they're sticking to Putin's price hike. The White

433
00:23:31,920 --> 00:23:34,200
Speaker 1: House twitter feed. I just looked at it. For the

434
00:23:34,280 --> 00:23:36,879
Speaker 1: last three days has been tweeting almost nothing but Putin's

435
00:23:36,920 --> 00:23:39,480
Speaker 1: price hike. We put together a super cut just to

436
00:23:39,520 --> 00:23:41,720
Speaker 1: show you how cringe worthy it is. Whenever they're trying

437
00:23:41,760 --> 00:23:44,320
Speaker 1: to sell this to the general population, Let's take a lesson.

438
00:23:44,800 --> 00:23:48,600
Speaker 1: I've known everything in my power to blunt Putent's gas

439
00:23:48,640 --> 00:23:53,320
Speaker 1: price hike. Today's inflation report confirm what America's already know.

440
00:23:54,200 --> 00:23:57,760
Speaker 1: Pudin's price hike is hitting in America hard. Let me start.

441
00:23:58,119 --> 00:24:02,359
Speaker 1: Let me start with the Putin price shike. So because

442
00:24:02,359 --> 00:24:05,640
Speaker 1: of the actions we've taken to address the Putin price hike,

443
00:24:05,680 --> 00:24:07,720
Speaker 1: we are in a better place than we were. You know,

444
00:24:07,840 --> 00:24:12,680
Speaker 1: put Putin's price hike inflation. We expect March CPA CPI

445
00:24:12,800 --> 00:24:17,480
Speaker 1: headline inflation to be extraordinarily elevated due to Putin's price hike.

446
00:24:18,440 --> 00:24:22,440
Speaker 1: We have to address the Putin price hike gas hike.

447
00:24:23,600 --> 00:24:28,240
Speaker 1: It has since he started amassing troops earlier this year,

448
00:24:28,720 --> 00:24:31,000
Speaker 1: of the price that the pump has gone up seventy five.

449
00:24:31,080 --> 00:24:35,719
Speaker 1: Since we're doing everything we can to minimize the Putin

450
00:24:35,800 --> 00:24:39,200
Speaker 1: price hike at home, you know you can barely make

451
00:24:39,240 --> 00:24:42,680
Speaker 1: it up. Crystal it's just they never end Putin's price

452
00:24:42,720 --> 00:24:46,159
Speaker 1: hike over and over and over again. And you know,

453
00:24:46,160 --> 00:24:47,920
Speaker 1: we're about to talk about this in the gas block,

454
00:24:48,000 --> 00:24:51,480
Speaker 1: but who's buying this? Like Putin is mocking you over it.

455
00:24:51,520 --> 00:24:53,000
Speaker 1: And I guess, look, you know we shouldn't take that

456
00:24:53,040 --> 00:24:56,040
Speaker 1: as affirmation, but it just seems to be a joke

457
00:24:56,200 --> 00:24:59,520
Speaker 1: both to the American people, to the probably the west

458
00:24:59,760 --> 00:25:04,200
Speaker 1: of to our adversary, Vladimir Putin, and it's just it's

459
00:25:04,240 --> 00:25:07,879
Speaker 1: not landing, and it really just absolves President Biden of

460
00:25:07,880 --> 00:25:10,800
Speaker 1: any responsibility to do anything about the inflation that we

461
00:25:10,800 --> 00:25:14,800
Speaker 1: face here. And that's the part two is I mean,

462
00:25:14,840 --> 00:25:17,000
Speaker 1: I think it is fair to say at this point

463
00:25:17,119 --> 00:25:19,640
Speaker 1: that there's no doubt the war in Ukraine is one

464
00:25:19,680 --> 00:25:23,600
Speaker 1: contributing factor to inflation, both food prices and gas prices

465
00:25:23,640 --> 00:25:26,480
Speaker 1: in particular. But the way that they act like they

466
00:25:26,520 --> 00:25:29,200
Speaker 1: have no control, they have no say, no agency over

467
00:25:29,240 --> 00:25:31,920
Speaker 1: their own government's policy. I mean, this is one area

468
00:25:31,960 --> 00:25:34,880
Speaker 1: when it comes to foreign policy where first of all,

469
00:25:34,880 --> 00:25:37,640
Speaker 1: the president has obviously a lot of bandwidth to act

470
00:25:37,680 --> 00:25:39,639
Speaker 1: on his own and second of all, where you've had

471
00:25:39,640 --> 00:25:43,280
Speaker 1: an almost unanimous by partisan consensus about our actions are

472
00:25:43,359 --> 00:25:47,240
Speaker 1: economic warfare with regard to Russia, and so they act

473
00:25:47,320 --> 00:25:49,679
Speaker 1: like this is just a one way street. And again

474
00:25:49,960 --> 00:25:52,720
Speaker 1: Putin is taking direct action in terms of the food

475
00:25:52,720 --> 00:25:56,240
Speaker 1: blockade that is in and of itself wrong and damaging.

476
00:25:56,520 --> 00:26:00,000
Speaker 1: But they just act like, oh, we we can't do it.

477
00:26:00,040 --> 00:26:01,800
Speaker 1: We have nothing to do with this, we can't do

478
00:26:01,840 --> 00:26:06,040
Speaker 1: anything about it, when in fact they've taken extraordinary action.

479
00:26:07,119 --> 00:26:09,840
Speaker 1: You know, we continue to. I think we just sent

480
00:26:09,960 --> 00:26:14,119
Speaker 1: like our twelfth package of arms, so we are directly

481
00:26:14,119 --> 00:26:16,920
Speaker 1: involved in this conflict. So to pretend like, oh, Putin's price,

482
00:26:16,960 --> 00:26:20,960
Speaker 1: like nothing we can do is also extraordinarily disingenuous. All

483
00:26:21,080 --> 00:26:24,119
Speaker 1: the media isn't making anything. The media is not making things.

484
00:26:24,119 --> 00:26:27,840
Speaker 1: This is actually very interesting, So fair they do phenomenal

485
00:26:27,920 --> 00:26:30,280
Speaker 1: media analysis took a look at the way that the

486
00:26:30,320 --> 00:26:35,879
Speaker 1: media covered Russia's invasion of Ukraine versus our own invasion

487
00:26:36,119 --> 00:26:39,000
Speaker 1: of a rock and lo and pold the way that

488
00:26:39,040 --> 00:26:43,960
Speaker 1: the media has covered these two invasion stories invasion wars

489
00:26:44,280 --> 00:26:46,760
Speaker 1: has been radically different. Let's go ahead and put this

490
00:26:46,840 --> 00:26:48,760
Speaker 1: up on the screen. So what they did is they

491
00:26:48,760 --> 00:26:51,640
Speaker 1: examined the front page of the New York Times from

492
00:26:51,680 --> 00:26:54,760
Speaker 1: April first to April thirtieth, twenty twenty two and compared

493
00:26:54,800 --> 00:26:57,600
Speaker 1: that to May one to May thirty first, two thousand

494
00:26:57,600 --> 00:27:00,280
Speaker 1: and three. So this is like the exact same point

495
00:27:00,920 --> 00:27:04,160
Speaker 1: in these two wars, the Iraq War and Russia's war

496
00:27:04,280 --> 00:27:09,280
Speaker 1: on Ukraine, and they found incredibly disparate coverage. The media

497
00:27:09,280 --> 00:27:14,840
Speaker 1: has covered Russias were in Ukraine dramatically more than they

498
00:27:14,920 --> 00:27:19,280
Speaker 1: covered our own countries invasion of Iraq. I mean, it

499
00:27:19,359 --> 00:27:23,119
Speaker 1: should be the complete opposite, since our country invading Iraq

500
00:27:23,520 --> 00:27:27,800
Speaker 1: inherently is you know, directly about our citizens, not to

501
00:27:27,800 --> 00:27:30,320
Speaker 1: say Ukraine. What happened is happening there doesn't matter. Obviously

502
00:27:30,359 --> 00:27:34,640
Speaker 1: we've covered it a lot too, but this disparity is insane.

503
00:27:34,680 --> 00:27:38,680
Speaker 1: So to give you the numbers, Times front page had

504
00:27:38,720 --> 00:27:41,680
Speaker 1: one hundred and seventy nine stories in that one month

505
00:27:41,720 --> 00:27:48,000
Speaker 1: timeframe on Ukraine. Seventy nine of those were so one

506
00:27:48,080 --> 00:27:50,000
Speaker 1: hundred and seventy nine stories on the Times front page,

507
00:27:50,040 --> 00:27:52,399
Speaker 1: and seventy nine of those concerned the Ukraine invasion, So

508
00:27:52,440 --> 00:27:54,240
Speaker 1: seventy nine out of one hundred and seventy nine, that's

509
00:27:54,280 --> 00:27:56,760
Speaker 1: forty four percent. All but three were located at the

510
00:27:56,800 --> 00:27:59,240
Speaker 1: top of the page where edders of course, but the

511
00:27:59,240 --> 00:28:02,560
Speaker 1: stories they considered to be most important. Fully, seventy five

512
00:28:02,600 --> 00:28:04,879
Speaker 1: percent of all top of the page stories were about

513
00:28:04,880 --> 00:28:07,920
Speaker 1: the Ukraine War. Not a single day went by without

514
00:28:08,000 --> 00:28:11,040
Speaker 1: a Ukraine story being published on the top of the page,

515
00:28:11,160 --> 00:28:13,679
Speaker 1: and on fourteen different days only stories about Ukraine were

516
00:28:13,680 --> 00:28:17,920
Speaker 1: published on the front page. So really overwhelming front page

517
00:28:18,560 --> 00:28:21,040
Speaker 1: top of the page coverage by the New York Times.

518
00:28:21,680 --> 00:28:24,240
Speaker 1: On the other hand, so forty four percent of the

519
00:28:24,240 --> 00:28:26,760
Speaker 1: front page has been Ukraine during this time period. When

520
00:28:26,760 --> 00:28:30,800
Speaker 1: it was the Iraq invasion, only eighteen percent of the

521
00:28:30,800 --> 00:28:34,520
Speaker 1: front page stories were about the Iraq invasion. Only forty

522
00:28:34,520 --> 00:28:36,560
Speaker 1: one thirty two of those were at the top of

523
00:28:36,600 --> 00:28:39,280
Speaker 1: the page, with nine below, and only twenty five percent

524
00:28:39,320 --> 00:28:41,479
Speaker 1: of all top of the page stories were dedicated to

525
00:28:41,720 --> 00:28:45,080
Speaker 1: the Iraq War. There's a lot more here too. In particular,

526
00:28:45,160 --> 00:28:49,360
Speaker 1: they get into how much the Times covered stories of

527
00:28:49,440 --> 00:28:54,320
Speaker 1: civilian deaths when it came to Ukraine versus our invasion

528
00:28:54,480 --> 00:28:58,680
Speaker 1: of Iraq. They said that fourteen of those front page

529
00:28:58,720 --> 00:29:02,320
Speaker 1: stories in that one month talked about civilian deaths as

530
00:29:02,360 --> 00:29:05,160
Speaker 1: a result of the Russian invasion. All of those were

531
00:29:05,240 --> 00:29:07,840
Speaker 1: at the top of the page. When it came to Iraq,

532
00:29:08,280 --> 00:29:12,520
Speaker 1: there was only one story about the civilian deaths that

533
00:29:12,560 --> 00:29:17,040
Speaker 1: were being caused by our own military. So fourteen top

534
00:29:17,080 --> 00:29:21,280
Speaker 1: of the page stories in one month about civilian deaths,

535
00:29:21,280 --> 00:29:24,440
Speaker 1: and listen, civilian deaths deserve coverage. I'm not saying this

536
00:29:24,520 --> 00:29:27,760
Speaker 1: shouldn't have been covered. What I'm saying is when it

537
00:29:27,800 --> 00:29:30,680
Speaker 1: came to our own civilian body count in a rock

538
00:29:31,760 --> 00:29:34,320
Speaker 1: one story that was it. Yeah, And I just think,

539
00:29:34,600 --> 00:29:36,880
Speaker 1: look for those who are like, why are you drawing

540
00:29:36,880 --> 00:29:40,480
Speaker 1: a moral equivalence all of that. This the Iraq War

541
00:29:40,760 --> 00:29:44,480
Speaker 1: matters on such a meta level that it's difficult to underscore.

542
00:29:44,680 --> 00:29:48,160
Speaker 1: I will always remember there's a quote where George W.

543
00:29:48,240 --> 00:29:51,520
Speaker 1: Bush in two thousand and six was pressing Putin on

544
00:29:51,800 --> 00:29:55,400
Speaker 1: instituting democratic reforms. At the time, nobody really knew how

545
00:29:55,440 --> 00:29:57,000
Speaker 1: things were going to work out with Putin. He was

546
00:29:57,000 --> 00:29:59,360
Speaker 1: the mayor of Saint Petersburg. He seemed like this all

547
00:29:59,360 --> 00:30:02,000
Speaker 1: over the place politician. He was the very first person

548
00:30:02,040 --> 00:30:04,680
Speaker 1: in order to call George W. Bush after nine to

549
00:30:04,720 --> 00:30:08,960
Speaker 1: eleven and to express sympathy. He also visited Crawford Ranch

550
00:30:09,000 --> 00:30:11,240
Speaker 1: in November of two thousand and one. There were a

551
00:30:11,280 --> 00:30:13,360
Speaker 1: lot of theories that Putin was going to be an

552
00:30:13,400 --> 00:30:15,959
Speaker 1: ally he eventually turned against the West completely in two

553
00:30:15,960 --> 00:30:18,680
Speaker 1: thousand and seven, but two thousand and six was a

554
00:30:18,720 --> 00:30:21,760
Speaker 1: great preview, which is that George W. Bush said, you

555
00:30:21,840 --> 00:30:24,760
Speaker 1: need to institute more democratic reforms, and he said he

556
00:30:24,800 --> 00:30:27,680
Speaker 1: actually speaks great English, but through an interpreter, he said,

557
00:30:27,680 --> 00:30:29,560
Speaker 1: we do not want the type of democracy that we

558
00:30:29,600 --> 00:30:32,360
Speaker 1: see you've given to the people of Iraq. And I

559
00:30:32,480 --> 00:30:35,760
Speaker 1: have also seen this also, so I've spoken with people

560
00:30:35,760 --> 00:30:39,400
Speaker 1: who have, you know, engaged into these bilateral talks with

561
00:30:39,480 --> 00:30:42,200
Speaker 1: the Chinese. One of the things that always comes up

562
00:30:42,280 --> 00:30:45,400
Speaker 1: is that you know, our Taiwan not military ambassadors, but

563
00:30:45,520 --> 00:30:50,320
Speaker 1: like attaches, whatever the diplomatic thing is. They'll have bilaterals

564
00:30:50,320 --> 00:30:52,920
Speaker 1: with their Chinese counterparts, and every single time they're like, hey,

565
00:30:52,960 --> 00:30:54,400
Speaker 1: you know, you shouldn't do anything in time. When they're like,

566
00:30:54,400 --> 00:30:56,800
Speaker 1: oh yeah, like what about Iraq? Iraq? Tell us about Iraq?

567
00:30:56,920 --> 00:31:00,080
Speaker 1: They bring it up constantly. The North Koreans do the

568
00:31:00,080 --> 00:31:03,000
Speaker 1: same thing. Every single time they will have a negotiation

569
00:31:03,040 --> 00:31:04,840
Speaker 1: with them. We're like, hey, listen, you give up your nukes,

570
00:31:04,880 --> 00:31:06,760
Speaker 1: like your country is going to prosper. They're like, oh yeah,

571
00:31:06,760 --> 00:31:09,040
Speaker 1: how did that work out? From Mohammar Agadafi because he

572
00:31:09,080 --> 00:31:10,720
Speaker 1: gave up his nukes in two thousand and three, and

573
00:31:10,720 --> 00:31:14,480
Speaker 1: then you decapitated him and he got sodomized on television

574
00:31:14,720 --> 00:31:16,920
Speaker 1: before he was killed and his country was bombed. He's like,

575
00:31:16,960 --> 00:31:20,480
Speaker 1: so we have no incentive in order to trust you.

576
00:31:20,520 --> 00:31:24,160
Speaker 1: They also always bring up Saddam Hussein. Their point, apparently

577
00:31:24,160 --> 00:31:27,760
Speaker 1: to the negotiators, is is, well, if Saddam actually had nukes,

578
00:31:27,760 --> 00:31:30,560
Speaker 1: it would have been better off whenever you invaded him.

579
00:31:30,680 --> 00:31:32,720
Speaker 1: The point that I think we're always coming down to

580
00:31:32,920 --> 00:31:34,800
Speaker 1: is the rest of the world is not forgotten about Iraq,

581
00:31:35,000 --> 00:31:37,480
Speaker 1: even if a lot of other people have. And in

582
00:31:37,560 --> 00:31:40,640
Speaker 1: terms of media coverage and more, whenever the Russians and

583
00:31:40,680 --> 00:31:42,840
Speaker 1: the rest of the world are, you know, India, China

584
00:31:42,880 --> 00:31:45,800
Speaker 1: and others that aren't buying necessarily all of the West,

585
00:31:45,880 --> 00:31:48,920
Speaker 1: they remember all of this very vividly. So if we

586
00:31:48,920 --> 00:31:52,600
Speaker 1: don't have a genuine, honest accounting, especially when you have

587
00:31:53,000 --> 00:31:56,440
Speaker 1: the popular the people in America who are pushing hardest

588
00:31:56,800 --> 00:32:00,600
Speaker 1: for war with Ukraine, war with Russia and more or

589
00:32:00,640 --> 00:32:02,840
Speaker 1: whatever you under the guise of a no fly zone

590
00:32:03,080 --> 00:32:05,080
Speaker 1: and all of that, those are the people who beat

591
00:32:05,120 --> 00:32:07,600
Speaker 1: the drum for the Iraq war. Shouldn't that count for

592
00:32:07,720 --> 00:32:11,080
Speaker 1: something in terms of their analysis, like a real accounting

593
00:32:11,120 --> 00:32:13,480
Speaker 1: of what went wrong the last time that we listened

594
00:32:13,520 --> 00:32:15,960
Speaker 1: to them. So that's why I think media coverage office

595
00:32:16,040 --> 00:32:18,520
Speaker 1: is dramatically important, and I've made the case before. I

596
00:32:18,560 --> 00:32:21,760
Speaker 1: really do believe this. It matters more on foreign policy

597
00:32:21,800 --> 00:32:24,640
Speaker 1: than anything else because world is a big place. We're

598
00:32:24,640 --> 00:32:28,200
Speaker 1: not there on the ground in Ukraine or in Iraq

599
00:32:28,360 --> 00:32:32,120
Speaker 1: or in Afghanistan, so we are really dependent on the

600
00:32:32,200 --> 00:32:35,440
Speaker 1: media to shape our worldview of both what's happening and

601
00:32:35,520 --> 00:32:39,800
Speaker 1: what matters. And so imagine if instead of this number

602
00:32:39,840 --> 00:32:44,640
Speaker 1: store of stories about the civilian suffering in Ukraine, imagine

603
00:32:44,680 --> 00:32:47,880
Speaker 1: we had that about oh, maybe Palestine or maybe Yemen.

604
00:32:48,760 --> 00:32:50,880
Speaker 1: Let's take Yemen as one as a great example, because

605
00:32:50,920 --> 00:32:54,040
Speaker 1: then when Biden is going hat in hand, on bend

606
00:32:54,080 --> 00:32:57,760
Speaker 1: and knee to MBS to beg them for more oil production,

607
00:32:58,360 --> 00:33:02,120
Speaker 1: people would be able to see the false morality of

608
00:33:02,160 --> 00:33:04,800
Speaker 1: thinking that that is somehow better doing business with that

609
00:33:04,880 --> 00:33:09,320
Speaker 1: regime than the Russian regime. And it's clearly, you know, clearly,

610
00:33:09,720 --> 00:33:13,960
Speaker 1: these are both nefarious regimes that are doing bad things

611
00:33:14,000 --> 00:33:16,880
Speaker 1: in the world. But we're blinded to what's happening in

612
00:33:16,960 --> 00:33:19,640
Speaker 1: Yemen because you know, I'm not saying they never cover it,

613
00:33:19,920 --> 00:33:23,720
Speaker 1: but is it anything like what we see with Ukraine coverage?

614
00:33:23,760 --> 00:33:26,640
Speaker 1: Of course not, And so yes, that really shapes the

615
00:33:26,680 --> 00:33:29,400
Speaker 1: way people feel about these countries, the way people think

616
00:33:29,400 --> 00:33:33,600
Speaker 1: that we should ultimately respond. Afghanistan is the perfect example,

617
00:33:33,640 --> 00:33:37,040
Speaker 1: because you're talking about literally the same country, and when

618
00:33:37,040 --> 00:33:42,160
Speaker 1: it came to Biden ending the war, there was overwhelming

619
00:33:42,160 --> 00:33:46,080
Speaker 1: coverage about the civilian population and their pain and their suffering,

620
00:33:46,280 --> 00:33:48,560
Speaker 1: and you know how we needed to be therefore and

621
00:33:48,600 --> 00:33:51,480
Speaker 1: we needed to basically stay forever, keep this war going

622
00:33:51,560 --> 00:33:54,840
Speaker 1: forever so that we could protect the civilian population. Well,

623
00:33:55,000 --> 00:33:58,959
Speaker 1: now that we're gone and they've moved on, and we

624
00:33:59,160 --> 00:34:02,040
Speaker 1: by denying them the central owned Central Bank reserves are

625
00:34:02,080 --> 00:34:06,000
Speaker 1: helping to contribute to mass hunger. Of all the countries

626
00:34:06,000 --> 00:34:08,360
Speaker 1: on the planet, Afghanistan is one of the worst in

627
00:34:08,400 --> 00:34:11,719
Speaker 1: terms of hunger and starvation. Right now. We are directly complicit,

628
00:34:12,800 --> 00:34:15,799
Speaker 1: not a peek. Where are the stories of civilian humanitarian

629
00:34:15,840 --> 00:34:17,840
Speaker 1: heartache on the front page of the New York Times

630
00:34:17,880 --> 00:34:21,200
Speaker 1: over that. So that's why these comparisons really matter. And

631
00:34:21,239 --> 00:34:27,200
Speaker 1: it's just extraordinary that when our own country invaded a

632
00:34:27,400 --> 00:34:31,359
Speaker 1: sovereign nation on false pretenses. They did not cover it

633
00:34:31,800 --> 00:34:36,040
Speaker 1: nearly as much, or the civilian toll hardly at all.

634
00:34:37,080 --> 00:34:39,360
Speaker 1: The contrast between how they're covering the Ukraine work. It

635
00:34:39,400 --> 00:34:42,400
Speaker 1: is night and day. It really is. All right, guys,

636
00:34:42,640 --> 00:34:46,760
Speaker 1: some new comments from President Biden about gas and about

637
00:34:46,760 --> 00:34:49,440
Speaker 1: how things are going. And this comes against the backdrop

638
00:34:49,560 --> 00:34:51,160
Speaker 1: of I'm gonna get to this in just a minute.

639
00:34:51,200 --> 00:34:55,399
Speaker 1: But this guy is so slow to react. I mean

640
00:34:55,440 --> 00:34:59,160
Speaker 1: he really, like not just on gas person student loaned

641
00:34:59,160 --> 00:35:01,839
Speaker 1: at relief, I mean floats these things and agonizes over

642
00:35:01,920 --> 00:35:05,440
Speaker 1: for months, and it's like Jesus Christ, like, either do

643
00:35:05,560 --> 00:35:07,279
Speaker 1: it or don't. I don't know what you're doing with

644
00:35:07,360 --> 00:35:10,600
Speaker 1: these trial balloons and getting people hopeful and anxious and

645
00:35:10,600 --> 00:35:12,960
Speaker 1: fighting about it, and then you just do nothing. So

646
00:35:13,360 --> 00:35:15,960
Speaker 1: in any case, here's the latest from President Biden about

647
00:35:15,960 --> 00:35:19,400
Speaker 1: how he's thinking about our current situation. Big time. My

648
00:35:19,480 --> 00:35:21,840
Speaker 1: dear mother used to have an expression, Now, if anything

649
00:35:21,840 --> 00:35:23,799
Speaker 1: allows me, something real will happen. You look hard enough

650
00:35:23,800 --> 00:35:26,200
Speaker 1: for it. We have a chance here to make a

651
00:35:26,280 --> 00:35:31,880
Speaker 1: fundamental turn toward renewable osion electric vehicles, and not just

652
00:35:31,920 --> 00:35:35,640
Speaker 1: select your vehicles, but across the board, and that's something

653
00:35:35,680 --> 00:35:38,360
Speaker 1: we should be My team is going to be sitting

654
00:35:38,400 --> 00:35:41,160
Speaker 1: down with the CEOs or the major oil companies this

655
00:35:41,200 --> 00:35:44,920
Speaker 1: week and decided to get an explanation how they justify

656
00:35:45,040 --> 00:35:48,600
Speaker 1: making thirty five billion dollars. Are you having to sit

657
00:35:48,640 --> 00:35:52,839
Speaker 1: down with alling CEOs? Which president, because my team canna

658
00:35:52,880 --> 00:35:55,520
Speaker 1: do that. Okay, but you did that with retailers and

659
00:35:55,600 --> 00:35:59,600
Speaker 1: logistics companies and consumer companies as I haven't already done.

660
00:36:00,080 --> 00:36:02,880
Speaker 1: There's a few things. There's a few things to sit down.

661
00:36:02,960 --> 00:36:04,719
Speaker 1: What are you doing to point you here? I mean

662
00:36:04,719 --> 00:36:08,120
Speaker 1: that's number one is like, you know, first of all,

663
00:36:08,239 --> 00:36:11,080
Speaker 1: I think it's extraordinarily weak that your only action with

664
00:36:11,120 --> 00:36:14,080
Speaker 1: regards to the oil and gas companies is first they

665
00:36:14,120 --> 00:36:18,120
Speaker 1: sent out a strongly worded letter. Oh I'm sure. And

666
00:36:18,160 --> 00:36:21,520
Speaker 1: then you can't, even as the President, sit down directly

667
00:36:21,520 --> 00:36:25,719
Speaker 1: and press them to their faces, drag their asses before Congress,

668
00:36:26,120 --> 00:36:28,560
Speaker 1: like you know, get through the January sixth thing and

669
00:36:28,760 --> 00:36:32,400
Speaker 1: drag their asses before Congress and make them explain what

670
00:36:32,640 --> 00:36:38,480
Speaker 1: they're doing, okay, push aggressively for a windfall profits tax

671
00:36:38,560 --> 00:36:41,080
Speaker 1: I mean, there are there is so much more that

672
00:36:41,160 --> 00:36:44,080
Speaker 1: he could do be doing the impotence of just like, oh,

673
00:36:44,120 --> 00:36:45,960
Speaker 1: my team's gonna meet with them and I send out

674
00:36:45,960 --> 00:36:49,720
Speaker 1: a strongly worded letter, okay with regards to it. Also,

675
00:36:50,120 --> 00:36:52,719
Speaker 1: you know, he's not wrong that this should be the

676
00:36:52,719 --> 00:36:56,239
Speaker 1: moment when we say, hey, guys, left right center, you know,

677
00:36:56,360 --> 00:36:58,120
Speaker 1: we got to get through this current crisis, but we

678
00:36:58,200 --> 00:37:00,200
Speaker 1: got to make sure we're never in this situation and

679
00:37:00,200 --> 00:37:04,200
Speaker 1: again galvanized the American people around a nuclear green new

680
00:37:04,320 --> 00:37:08,320
Speaker 1: deal whatever it is. Yes, aggressively move us towards this future.

681
00:37:08,520 --> 00:37:11,359
Speaker 1: But you're not doing that. I mean, you can say, like, oh,

682
00:37:11,360 --> 00:37:13,800
Speaker 1: we're gonna make lemons out of lemonade out of lemons,

683
00:37:13,840 --> 00:37:15,920
Speaker 1: like my mom always said, or whatever, but you're not

684
00:37:16,040 --> 00:37:19,640
Speaker 1: actually doing that. So the de facto policy of the

685
00:37:19,680 --> 00:37:23,000
Speaker 1: administration has been we're all just going to pay five

686
00:37:23,080 --> 00:37:25,279
Speaker 1: dollars for gas. If you happen to be able to

687
00:37:25,320 --> 00:37:28,160
Speaker 1: afford one hundred and fifteen thousand dollars vehicle for Tesla,

688
00:37:28,320 --> 00:37:31,880
Speaker 1: good for you. That's basically it's that's the de facto policy.

689
00:37:31,920 --> 00:37:34,799
Speaker 1: So when he's saying something good will happen, a chance

690
00:37:34,840 --> 00:37:37,799
Speaker 1: to make fundamental turn towards renewable energy, that's only for

691
00:37:37,880 --> 00:37:41,439
Speaker 1: people who are already wealthy. Guess he's clearly because they're

692
00:37:41,440 --> 00:37:44,600
Speaker 1: not doing it. Talking about government strategy to make that

693
00:37:44,640 --> 00:37:47,839
Speaker 1: affordable accessible in a reality for people. Yeah, the only

694
00:37:47,880 --> 00:37:50,160
Speaker 1: impact is going to be like few more upper middle

695
00:37:50,160 --> 00:37:52,560
Speaker 1: class people will be able to might be able to

696
00:37:52,560 --> 00:37:54,399
Speaker 1: buy a tessel or a plug in hybrid or whatever,

697
00:37:54,440 --> 00:37:56,200
Speaker 1: and looking, if you can afford it, go for it. Honestly,

698
00:37:56,239 --> 00:37:58,320
Speaker 1: I think I love electric cars. I think they're sweet,

699
00:37:58,320 --> 00:38:00,440
Speaker 1: and I think they're super cool. But the problem with

700
00:38:00,480 --> 00:38:02,160
Speaker 1: that I have with this is that I think Biden

701
00:38:02,239 --> 00:38:05,400
Speaker 1: is doing tremendous damage to the cause for renewable energy

702
00:38:05,440 --> 00:38:08,200
Speaker 1: because he's basically telling poor people, Yeah, you're just gonna

703
00:38:08,239 --> 00:38:09,919
Speaker 1: starve and we're not going to do anything for you

704
00:38:10,000 --> 00:38:12,440
Speaker 1: in the interim period, so they have no choice but

705
00:38:12,520 --> 00:38:14,560
Speaker 1: to say, Okay, screw it. Then we need to drill

706
00:38:14,600 --> 00:38:16,880
Speaker 1: as much as possible for oil and gas, and to

707
00:38:16,960 --> 00:38:19,760
Speaker 1: have as much oil and gas and plentiful as possible

708
00:38:19,760 --> 00:38:22,239
Speaker 1: because we don't have any trust in the elites in

709
00:38:22,320 --> 00:38:25,080
Speaker 1: order to allay our actual cost increase, which is true.

710
00:38:25,080 --> 00:38:26,799
Speaker 1: I mean, I don't know how you cannot look at

711
00:38:26,800 --> 00:38:29,279
Speaker 1: this current situation and not see that. So I think

712
00:38:29,280 --> 00:38:31,480
Speaker 1: he's doing a tremendous damage to a cause I deeply

713
00:38:31,520 --> 00:38:34,400
Speaker 1: care about, which is electric vehicles. And the case for

714
00:38:34,480 --> 00:38:38,480
Speaker 1: renewable energy, which is genuinely cost effective and makes America

715
00:38:38,520 --> 00:38:41,319
Speaker 1: stronger and more resilient. Yeah, and second, you know, okay,

716
00:38:41,320 --> 00:38:43,960
Speaker 1: even on oil, I have a real problem with dragging

717
00:38:43,960 --> 00:38:46,960
Speaker 1: them before Congress and not doing Look, we know the

718
00:38:47,040 --> 00:38:49,439
Speaker 1: problem as you lay it out on Bill Maher, which

719
00:38:49,480 --> 00:38:53,800
Speaker 1: is we have a Wall Street imbalance from the oil companies.

720
00:38:54,040 --> 00:38:57,880
Speaker 1: We can fix it today with the Strategic Petroleum Reserve

721
00:38:58,080 --> 00:39:01,080
Speaker 1: by buying it a certain reserve price. There's all sorts

722
00:39:01,120 --> 00:39:03,360
Speaker 1: of things that Biden can do. He has the authority

723
00:39:03,400 --> 00:39:06,279
Speaker 1: under the nineteen seventy five I forget exactly what the

724
00:39:06,320 --> 00:39:09,880
Speaker 1: Act is called, in order to restrict oil exports, imports,

725
00:39:10,239 --> 00:39:13,799
Speaker 1: impose certain types of restrictions on how exactly they get

726
00:39:13,840 --> 00:39:17,400
Speaker 1: moved around. Listen, even Exon is telling you to repeal

727
00:39:17,440 --> 00:39:20,520
Speaker 1: the Jones Act, or make it or lower it for

728
00:39:20,520 --> 00:39:23,080
Speaker 1: for the case of oil in the interim, in order

729
00:39:23,120 --> 00:39:26,520
Speaker 1: to at least not have price disparity across the country.

730
00:39:26,920 --> 00:39:29,319
Speaker 1: And all they can come up with. This is the

731
00:39:29,520 --> 00:39:32,279
Speaker 1: really egregious part, let's throw this on the screen, is

732
00:39:32,320 --> 00:39:36,040
Speaker 1: that he may have a decision on the federal gas

733
00:39:36,080 --> 00:39:40,279
Speaker 1: tax holiday. Now, look, here's the problem with the gas

734
00:39:40,280 --> 00:39:43,480
Speaker 1: tax holiday. First of all, most gas taxes are state

735
00:39:43,680 --> 00:39:46,120
Speaker 1: and local. They have nothing to do with the Feds.

736
00:39:46,200 --> 00:39:48,920
Speaker 1: If they did repeal or pause the Fed gas tax,

737
00:39:48,960 --> 00:39:51,920
Speaker 1: it would be eighteen cents a gallon. That may have

738
00:39:52,040 --> 00:39:54,520
Speaker 1: made a difference in the past. I'm not saying that

739
00:39:54,520 --> 00:39:58,440
Speaker 1: that won't save some people around this country some money. However,

740
00:39:59,040 --> 00:40:02,759
Speaker 1: that also is a de facto is surrender, because you know,

741
00:40:02,920 --> 00:40:07,280
Speaker 1: the gas tax actually pays for a lot of environmental regularly.

742
00:40:07,360 --> 00:40:09,520
Speaker 1: I'm not saying everybody should have to pay more, but

743
00:40:09,760 --> 00:40:12,359
Speaker 1: what I'm saying is that the FEDS could actually do

744
00:40:12,440 --> 00:40:16,080
Speaker 1: something on the front end of supply and go into

745
00:40:16,120 --> 00:40:18,560
Speaker 1: the market and reduce the price a hell of a

746
00:40:18,600 --> 00:40:21,640
Speaker 1: lot more than eighteen cents a gallon by not pursuing

747
00:40:21,680 --> 00:40:26,080
Speaker 1: some idiotic ham handed pause. Because okay, then what are

748
00:40:26,080 --> 00:40:27,840
Speaker 1: we just not gonna fund? Like, how are we going

749
00:40:27,920 --> 00:40:29,520
Speaker 1: to fund? First of all, the stuff that the gas

750
00:40:29,600 --> 00:40:32,279
Speaker 1: tax genuinely does pay for. Many of the states who

751
00:40:32,280 --> 00:40:34,800
Speaker 1: have repealed their gas tax have much more of an impact,

752
00:40:34,840 --> 00:40:37,320
Speaker 1: like Pennsylvania for examples, like a sixty cent gas tax.

753
00:40:37,719 --> 00:40:40,000
Speaker 1: Georgia has actually repealed his gas tax, but they all

754
00:40:40,000 --> 00:40:44,000
Speaker 1: have balanced budget amendments et cetera. But whenever I see this,

755
00:40:44,160 --> 00:40:47,399
Speaker 1: actually I've even seen We had Sconda Amaraf on our show.

756
00:40:47,600 --> 00:40:50,560
Speaker 1: He's like, this is so dumb because you're just subs

757
00:40:50,800 --> 00:40:54,480
Speaker 1: You're basically taking away from the cause without dealing with

758
00:40:54,520 --> 00:40:56,839
Speaker 1: any of the supply at the front end. And then

759
00:40:56,960 --> 00:40:58,719
Speaker 1: here's the thing, Crystal, they won't even do it. They're

760
00:40:58,760 --> 00:41:03,560
Speaker 1: considering and they have been considering it per Jeff Stein,

761
00:41:03,920 --> 00:41:07,759
Speaker 1: for four months. Okay, guys, figure it out right, do it,

762
00:41:07,840 --> 00:41:09,600
Speaker 1: don't do it? I do, you know, I think it

763
00:41:09,640 --> 00:41:11,480
Speaker 1: is a little bit complicated because you can see the case.

764
00:41:11,600 --> 00:41:13,279
Speaker 1: All right, let's just give people a little bit of relief.

765
00:41:13,360 --> 00:41:15,600
Speaker 1: Let's do something. This is something we can do. But

766
00:41:16,000 --> 00:41:19,239
Speaker 1: to your point, this is a way of avoiding having

767
00:41:19,280 --> 00:41:22,080
Speaker 1: to directly confront what is an incredibly powerful and moneyed

768
00:41:22,160 --> 00:41:25,040
Speaker 1: interest in this nation, because ultimately, you know, this is

769
00:41:25,040 --> 00:41:27,560
Speaker 1: a way to sort of signal to consumers that you're

770
00:41:27,560 --> 00:41:32,560
Speaker 1: doing something for them, but in reality just basically keep

771
00:41:32,560 --> 00:41:35,160
Speaker 1: the status quo. I mean, ultimately, this is a subsidy

772
00:41:35,520 --> 00:41:38,720
Speaker 1: to a further subsidy to the oil and gas companies

773
00:41:38,760 --> 00:41:42,319
Speaker 1: that have been you know, screwing us over. So that's

774
00:41:42,360 --> 00:41:43,960
Speaker 1: why this is the only thing they can sort of

775
00:41:44,000 --> 00:41:47,400
Speaker 1: come to of, like, maybe we'll do this, and supply

776
00:41:47,440 --> 00:41:49,200
Speaker 1: and demand being what they are, if you do reduce

777
00:41:49,200 --> 00:41:51,880
Speaker 1: the price, you're likely to have more people driving more miles,

778
00:41:51,920 --> 00:41:54,640
Speaker 1: which is just gonna lift the price. Again, I have

779
00:41:54,760 --> 00:41:57,040
Speaker 1: no problem even with people driving more miles. I would

780
00:41:57,120 --> 00:41:58,839
Speaker 1: love to reduce the price, but we have to do

781
00:41:58,920 --> 00:42:02,080
Speaker 1: so in a way that actually solves the problem. When

782
00:42:02,080 --> 00:42:05,400
Speaker 1: does the pause go away? I'm not even really I

783
00:42:05,960 --> 00:42:07,920
Speaker 1: would like them to do something. Yes, right, I'm not

784
00:42:07,960 --> 00:42:12,759
Speaker 1: even really opposed to this. It's just it's dramatically inferior

785
00:42:12,840 --> 00:42:16,160
Speaker 1: to other things they could be doing Number one and

786
00:42:16,280 --> 00:42:20,640
Speaker 1: number two. The hand ringing about everything is just driving

787
00:42:20,680 --> 00:42:24,600
Speaker 1: me insane. This presidency, yes, has been hit with a

788
00:42:24,760 --> 00:42:28,080
Speaker 1: lot of crises, thing after thing after think, no doubt

789
00:42:28,120 --> 00:42:31,759
Speaker 1: about it, and they dither on everything. I just don't

790
00:42:31,760 --> 00:42:33,840
Speaker 1: think you can deny the fact that they are so

791
00:42:34,120 --> 00:42:37,360
Speaker 1: behind the curve. And you know again on the student

792
00:42:37,440 --> 00:42:41,680
Speaker 1: loan debt relief, it's the same story. How many months

793
00:42:42,000 --> 00:42:45,520
Speaker 1: have they been playing with the idea floating numbers floating?

794
00:42:45,520 --> 00:42:47,759
Speaker 1: Maybe all means test at this level. Maybe we'll do

795
00:42:47,840 --> 00:42:50,920
Speaker 1: ten thousand, Maybe we won't do it at all. It's like,

796
00:42:51,520 --> 00:42:54,920
Speaker 1: I mean, just from a political perspective, this is so stupid.

797
00:42:55,560 --> 00:42:58,640
Speaker 1: Either do it or don't do it, but don't float this,

798
00:42:58,840 --> 00:43:02,399
Speaker 1: get people's hopes up, and then sit around and do

799
00:43:02,520 --> 00:43:05,120
Speaker 1: what for months and months while this hangs out there.

800
00:43:05,120 --> 00:43:07,480
Speaker 1: So they also say in the same CNN article that

801
00:43:08,200 --> 00:43:11,439
Speaker 1: they're still thinking about the student loan debt relief and

802
00:43:11,480 --> 00:43:14,120
Speaker 1: they promised they may have an answer. Sometimes we heard

803
00:43:14,120 --> 00:43:16,120
Speaker 1: that from him before. Remember didn't you say before like

804
00:43:16,400 --> 00:43:18,200
Speaker 1: next week. I'm going to decide that was like two

805
00:43:18,239 --> 00:43:23,440
Speaker 1: months ago. It's a total Their lack of ability to

806
00:43:23,560 --> 00:43:29,520
Speaker 1: respond in any sort of an appropriate timeframe, let alone

807
00:43:29,560 --> 00:43:34,000
Speaker 1: anticipate things that are coming at them, is absolutely pathetic.

808
00:43:34,040 --> 00:43:36,880
Speaker 1: The baby formula christ is another perfect example. Right, you

809
00:43:36,920 --> 00:43:40,799
Speaker 1: know about it, and you waited until newborns were in

810
00:43:40,840 --> 00:43:43,840
Speaker 1: desperate straits. I mean, to be admitted to the ICU

811
00:43:44,320 --> 00:43:47,160
Speaker 1: before you did a damn thing about it. So, yeah,

812
00:43:47,239 --> 00:43:49,960
Speaker 1: it's pathetic, and we got to show this that they're

813
00:43:49,960 --> 00:43:53,520
Speaker 1: also considering doing something which would only further increase the

814
00:43:53,560 --> 00:43:55,760
Speaker 1: price of oil. Let's put this up there on the screen,

815
00:43:55,800 --> 00:43:58,400
Speaker 1: because these people are idiots. Currently, the US is in

816
00:43:58,440 --> 00:44:01,800
Speaker 1: talks with the European allies to price caps on Russian

817
00:44:01,800 --> 00:44:04,040
Speaker 1: oil that they're willing to buy. This is from the

818
00:44:04,080 --> 00:44:08,080
Speaker 1: European Union. Now, what have we learned throughout this entire

819
00:44:08,239 --> 00:44:12,160
Speaker 1: thing about when the West tries to pull away from

820
00:44:12,200 --> 00:44:16,040
Speaker 1: Russian oil? What happens? Crystal? The Russians say, Okay, we'll

821
00:44:16,080 --> 00:44:18,440
Speaker 1: sell it to you if they discounted price, and then

822
00:44:18,440 --> 00:44:21,680
Speaker 1: we're gonna make a killing by raising the global price

823
00:44:21,719 --> 00:44:24,200
Speaker 1: of oil and then selling it at a fake discounted

824
00:44:24,280 --> 00:44:27,480
Speaker 1: rate to the Chinese and Indians. Putting a price cap

825
00:44:27,560 --> 00:44:30,600
Speaker 1: on Russian oil, as we have learned with many price

826
00:44:30,640 --> 00:44:34,160
Speaker 1: controls in the past, is unless you have total and

827
00:44:34,280 --> 00:44:38,000
Speaker 1: complete control over that commodity, which doesn't work in the

828
00:44:38,040 --> 00:44:42,200
Speaker 1: global marketplace, then you are simply going to increase the

829
00:44:42,239 --> 00:44:45,160
Speaker 1: incentive to the Russians to only export even more oil

830
00:44:45,360 --> 00:44:47,560
Speaker 1: to the Chinese and the Indians while pushing up the

831
00:44:47,600 --> 00:44:50,440
Speaker 1: price for your own citizens. Because let's say they do

832
00:44:50,520 --> 00:44:53,239
Speaker 1: cap Russian oil, great, well, they got to buy the

833
00:44:53,320 --> 00:44:55,560
Speaker 1: rest of it from somewhere you know where that's going

834
00:44:55,600 --> 00:44:59,200
Speaker 1: to be here or you know, h Venezuela or some

835
00:44:59,320 --> 00:45:02,240
Speaker 1: other country which also affects the global price of oil.

836
00:45:02,320 --> 00:45:06,160
Speaker 1: So all they're doing is dithering currently on gas and

837
00:45:06,200 --> 00:45:09,600
Speaker 1: then considering more idiotic moves in order to make us

838
00:45:09,600 --> 00:45:12,360
Speaker 1: all pay for even more. I mean, it would probably

839
00:45:12,360 --> 00:45:14,560
Speaker 1: skyrocket the crude oil price to like two hundred or

840
00:45:14,600 --> 00:45:19,239
Speaker 1: something dollars a barrel, the expert here says. So this

841
00:45:19,360 --> 00:45:22,480
Speaker 1: article says Russia, for example, could retaliate by holding oil

842
00:45:22,560 --> 00:45:25,600
Speaker 1: from the market, which again we which they read to

843
00:45:25,680 --> 00:45:29,080
Speaker 1: use some of Putin's comments threatening all sorts of action,

844
00:45:29,480 --> 00:45:33,080
Speaker 1: you know, in retaliation for our actions against them. So

845
00:45:33,120 --> 00:45:35,400
Speaker 1: they could retally by holding oil from the market. That

846
00:45:35,440 --> 00:45:38,040
Speaker 1: could immediately drive prices higher, as the world's oil producers

847
00:45:38,080 --> 00:45:40,440
Speaker 1: have very little spare capacitya for years of under investment

848
00:45:40,440 --> 00:45:43,120
Speaker 1: in oil fields and refineries. And then they quote an

849
00:45:43,160 --> 00:45:45,640
Speaker 1: expert here who says, every time there's talk about sanctions,

850
00:45:45,640 --> 00:45:47,960
Speaker 1: the price goes up. I also think it's funny that

851
00:45:49,320 --> 00:45:54,080
Speaker 1: just at a metal level, these same neoliberal economists, if

852
00:45:54,120 --> 00:45:57,200
Speaker 1: you floated price controls with regard to the bethea, oh,

853
00:45:57,239 --> 00:46:00,000
Speaker 1: you're stupid, You're like a nuckle drag, you don't understan

854
00:46:00,040 --> 00:46:02,960
Speaker 1: and economics. But then suddenly when it comes to like

855
00:46:03,560 --> 00:46:06,400
Speaker 1: punishing Putin, and I'm like, maybe we should do price controls.

856
00:46:06,480 --> 00:46:12,320
Speaker 1: How about that yeah, truly being run by geniuses. Speaking

857
00:46:12,320 --> 00:46:15,440
Speaker 1: of geniuses, let's talk about Eric Griton's in the state

858
00:46:15,560 --> 00:46:19,200
Speaker 1: of Missouri almost certainly to be the next senator from

859
00:46:19,239 --> 00:46:21,959
Speaker 1: that state, and that is a grim reality. He put

860
00:46:21,960 --> 00:46:24,480
Speaker 1: out a new ad which has actually been taken off

861
00:46:24,520 --> 00:46:27,320
Speaker 1: of Facebook, Twitter and others. Let's see if YouTube penalizes

862
00:46:27,400 --> 00:46:29,480
Speaker 1: us for doing the news and just showing you something

863
00:46:29,760 --> 00:46:31,839
Speaker 1: which is newsworthy. Let's take a listen to his new

864
00:46:31,880 --> 00:46:36,160
Speaker 1: ad called Rhino Hunting. Eric Briton's Navy seal and today

865
00:46:36,480 --> 00:46:41,520
Speaker 1: we're going rhino hunting. The rhino feeds on corruption and

866
00:46:41,680 --> 00:46:55,399
Speaker 1: is marked by the stripes of cowardice. Join the Maga crew,

867
00:46:55,480 --> 00:46:58,400
Speaker 1: get a rhino hunting permit. There's no bagging limit, no

868
00:46:58,520 --> 00:47:04,680
Speaker 1: tagging limit, and it doesn't expect until we save our country. Oh.

869
00:47:04,719 --> 00:47:09,319
Speaker 1: Something vaguely sociopathic and evil about that, Cristal. So there's

870
00:47:09,320 --> 00:47:11,520
Speaker 1: a lot to say. Number One, I thought you're going hunting.

871
00:47:11,560 --> 00:47:13,960
Speaker 1: So why did you breach a door and clear it

872
00:47:14,040 --> 00:47:19,280
Speaker 1: like so suburban? I have some questions about what exactly

873
00:47:19,520 --> 00:47:22,200
Speaker 1: the symbolism of that is supposed to mean. Also, why

874
00:47:22,200 --> 00:47:23,959
Speaker 1: do you just bust into the house. They didn't actually

875
00:47:24,080 --> 00:47:27,440
Speaker 1: kill any rhinos, So it wasn't even the successful hunt. Now,

876
00:47:27,560 --> 00:47:30,799
Speaker 1: beyond the symbolism and the idiocy of it, there's a

877
00:47:30,800 --> 00:47:33,680
Speaker 1: lot to say, which is that I think Eric knows

878
00:47:33,719 --> 00:47:37,040
Speaker 1: exactly what he's doing. He obviously has been credibly accused

879
00:47:37,080 --> 00:47:40,000
Speaker 1: of assault by his wife and of his own children.

880
00:47:40,360 --> 00:47:45,200
Speaker 1: He is clearly a psychopath if you alleged psychopath, miss Lawyers.

881
00:47:45,880 --> 00:47:48,400
Speaker 1: If you look at how he behaved in his affair

882
00:47:48,560 --> 00:47:51,319
Speaker 1: with that hairdresser, taking like weird photos of her in

883
00:47:51,320 --> 00:47:54,839
Speaker 1: his basement and threatening blackmail, this is why he was

884
00:47:54,840 --> 00:47:58,640
Speaker 1: forced to resign as governor in the first place. Scandals,

885
00:47:58,680 --> 00:48:01,440
Speaker 1: don't forget. Don't forget. I think I forget exactly what

886
00:48:01,480 --> 00:48:04,279
Speaker 1: he did. But he used his campaign do anyway. He

887
00:48:04,400 --> 00:48:08,040
Speaker 1: violates the charity donor list for campaign fundraising, and there

888
00:48:08,040 --> 00:48:11,319
Speaker 1: were other asses which violates campaign finance law directly. That's

889
00:48:11,400 --> 00:48:14,160
Speaker 1: ultimately what then Attorney General Josh Holly got him basically

890
00:48:14,160 --> 00:48:16,319
Speaker 1: dead to rights on forced him to resign. So he

891
00:48:16,360 --> 00:48:20,160
Speaker 1: has now rehabilitated his career by going all in on

892
00:48:20,200 --> 00:48:22,920
Speaker 1: stop the steal. He's a favorite of Steve Bannon, of

893
00:48:22,960 --> 00:48:26,080
Speaker 1: many of the MAGA right. Goes to Arizona talking about

894
00:48:26,120 --> 00:48:29,800
Speaker 1: the Arizona audits and all this stuff. They love Eric Britons,

895
00:48:29,840 --> 00:48:33,759
Speaker 1: and he has very successfully positioned himself in this race

896
00:48:33,880 --> 00:48:37,200
Speaker 1: as the genuine Maga warrior. I think that this ad,

897
00:48:37,640 --> 00:48:40,560
Speaker 1: not the ad itself, but the fact that look, frankly,

898
00:48:40,640 --> 00:48:42,239
Speaker 1: you and I are talking about it. Everybody in the

899
00:48:42,280 --> 00:48:44,920
Speaker 1: media is like, this is disgusting, an escalation of rhetoric,

900
00:48:44,960 --> 00:48:47,800
Speaker 1: which it certainly is. But as we saw with Trump,

901
00:48:48,000 --> 00:48:50,360
Speaker 1: the more you get hated by the media, the better

902
00:48:50,400 --> 00:48:52,759
Speaker 1: that is for you in a Republican primary. Yeah, and

903
00:48:52,840 --> 00:48:57,000
Speaker 1: this is what happens when your entire political movement boils

904
00:48:57,040 --> 00:48:59,520
Speaker 1: down to triggering the Libs. Yeah, I mean kind of works,

905
00:48:59,520 --> 00:49:01,600
Speaker 1: but you get yeah, yeah, I mean the more that

906
00:49:02,160 --> 00:49:05,600
Speaker 1: liberal media is you know, outrage and running their garments

907
00:49:05,600 --> 00:49:07,840
Speaker 1: and tearing their house, which I understood, the ad is

908
00:49:07,840 --> 00:49:11,680
Speaker 1: disturbing and weird and bizarre, I mean, and just like

909
00:49:11,840 --> 00:49:17,080
Speaker 1: cringe worthy also, so I'm definitely on team. This ad

910
00:49:17,160 --> 00:49:21,160
Speaker 1: is terrible, but yeah, when your whole politics is like

911
00:49:21,400 --> 00:49:23,799
Speaker 1: triggering the Libs is the way to get ahead, this

912
00:49:23,840 --> 00:49:27,200
Speaker 1: will probably be successful. No, I think it certainly will.

913
00:49:27,239 --> 00:49:29,560
Speaker 1: And you also look at the polling. So this's on

914
00:49:29,600 --> 00:49:32,840
Speaker 1: the screen, which is that Eric is doing pretty well

915
00:49:32,840 --> 00:49:36,360
Speaker 1: here in the primary in terms of where things stand.

916
00:49:36,400 --> 00:49:39,840
Speaker 1: He's got twenty four percent right now. Schmidt is it

917
00:49:39,920 --> 00:49:43,600
Speaker 1: twenty one percent? Hartzler is it eighteen percent? Now? Trump

918
00:49:43,640 --> 00:49:46,239
Speaker 1: has not yet come in. But I think it's very

919
00:49:46,280 --> 00:49:49,800
Speaker 1: noteworthy that the last three polls out of this primary

920
00:49:49,960 --> 00:49:52,839
Speaker 1: all have Eric Brighton's up on an average of three

921
00:49:52,880 --> 00:49:55,960
Speaker 1: point five. But he was up, you know, by nine

922
00:49:56,000 --> 00:49:59,080
Speaker 1: points just a month ago, up six points in The

923
00:49:59,160 --> 00:50:03,279
Speaker 1: Hill's latest Emerson poll. That just shows you that he is.

924
00:50:03,600 --> 00:50:05,640
Speaker 1: I wouldn't say he's a lock, but I think he's

925
00:50:05,680 --> 00:50:07,880
Speaker 1: pretty damn close. I also do want to say this

926
00:50:07,960 --> 00:50:09,960
Speaker 1: because I think it matters. I'll throw this on the screen.

927
00:50:10,800 --> 00:50:13,880
Speaker 1: Eric is not even technically a Navy seal. The Navy

928
00:50:13,880 --> 00:50:16,800
Speaker 1: Seals did not let him back in after he resigned

929
00:50:16,840 --> 00:50:19,359
Speaker 1: in disgrace, and in fact, the Navy would not let

930
00:50:19,440 --> 00:50:22,520
Speaker 1: him back into active duty service at all. It's not

931
00:50:22,560 --> 00:50:26,040
Speaker 1: even really clear whether Eric Britons is still even in

932
00:50:26,080 --> 00:50:28,560
Speaker 1: the Navy. I do wonder what the Navy seal in

933
00:50:28,600 --> 00:50:31,520
Speaker 1: the special operations community think of him. Even whenever he

934
00:50:31,640 --> 00:50:34,160
Speaker 1: was running, there was some grumbling that he was portraying

935
00:50:34,200 --> 00:50:36,359
Speaker 1: himself as like some big badass who had been on

936
00:50:36,640 --> 00:50:39,200
Speaker 1: a bunch of missions and tours and really wasn't the

937
00:50:39,200 --> 00:50:42,040
Speaker 1: case at all, even though he branded himself as such.

938
00:50:42,040 --> 00:50:44,000
Speaker 1: I guess he wouldn't be the first guy in the

939
00:50:44,040 --> 00:50:46,480
Speaker 1: seal you know, seal teams or whatever in order to

940
00:50:46,520 --> 00:50:48,840
Speaker 1: do that. But from what I hear, the people who

941
00:50:48,960 --> 00:50:51,560
Speaker 1: are legit and did like twelve tours and all that,

942
00:50:51,680 --> 00:50:54,520
Speaker 1: they think he's completely full of it. But at the

943
00:50:54,600 --> 00:50:57,120
Speaker 1: end of the day, Crystal, things are working out pretty

944
00:50:57,120 --> 00:51:00,759
Speaker 1: well for mister Eric, and Trump himself has taken put

945
00:51:00,800 --> 00:51:02,239
Speaker 1: us on the screen. We brought this back to you

946
00:51:02,280 --> 00:51:05,720
Speaker 1: a few months ago, which is that Trump is really

947
00:51:05,800 --> 00:51:10,440
Speaker 1: leading towards endorsing Eric Brighten's just as he endorsed Doug Mastriano.

948
00:51:10,520 --> 00:51:13,600
Speaker 1: Specifically because Eric talks about how he would be Mitch

949
00:51:13,680 --> 00:51:18,279
Speaker 1: McConnell's nightmare. He specifically said, no more rhinos, I'm not

950
00:51:18,400 --> 00:51:22,239
Speaker 1: voting for Mitch McConnell. And he continues these ads, he

951
00:51:22,280 --> 00:51:25,640
Speaker 1: continues to stop the steal campaign and more, he's endeared

952
00:51:25,719 --> 00:51:28,439
Speaker 1: himself dramatically to Trump. He actually met with Trump at

953
00:51:28,480 --> 00:51:31,200
Speaker 1: mar A Lago. I think that if Eric is leading

954
00:51:31,840 --> 00:51:35,160
Speaker 1: going into the primary, which all indications currently say that

955
00:51:35,239 --> 00:51:37,359
Speaker 1: he is. I think that Trump is going to endorse him,

956
00:51:37,360 --> 00:51:38,560
Speaker 1: and then I think he's going to be the next

957
00:51:38,560 --> 00:51:42,400
Speaker 1: senator from that state. It seems likely that last article

958
00:51:42,440 --> 00:51:45,680
Speaker 1: they say Trump remarked that Griten's was performing well, most

959
00:51:45,680 --> 00:51:48,279
Speaker 1: important quality for him and told the former governor he

960
00:51:48,320 --> 00:51:50,760
Speaker 1: had an open mind about who we may support. According

961
00:51:50,760 --> 00:51:53,200
Speaker 1: to a person familiar with the discussion, Gridens was later

962
00:51:53,200 --> 00:51:55,200
Speaker 1: invited to a tenant event held by the pro Trump

963
00:51:55,239 --> 00:51:57,319
Speaker 1: super pac the next day on the grounds of mar

964
00:51:57,320 --> 00:52:00,800
Speaker 1: A Lago. So yeah, I mean, this is a person

965
00:52:00,840 --> 00:52:04,320
Speaker 1: who just a few years ago was in complete disgrace

966
00:52:04,520 --> 00:52:09,160
Speaker 1: after this scandal broke about how he had her blindfolded

967
00:52:09,160 --> 00:52:12,000
Speaker 1: and tied up, took some blackmail naked picture of this woman.

968
00:52:12,040 --> 00:52:15,000
Speaker 1: He was not having an affair with something that by

969
00:52:15,000 --> 00:52:17,400
Speaker 1: the way, not only has that woman said, but his

970
00:52:18,040 --> 00:52:23,520
Speaker 1: ex wife has also confirmed. And then the latest allegations

971
00:52:23,760 --> 00:52:26,200
Speaker 1: that came out of court proceedings. This wasn't like some

972
00:52:26,320 --> 00:52:29,640
Speaker 1: liberal media invented. This came directly from his ex wife

973
00:52:29,920 --> 00:52:34,640
Speaker 1: in court proceedings over custody of their children, revealed allegations

974
00:52:34,680 --> 00:52:38,600
Speaker 1: of physical abuse against both her and the children, and

975
00:52:39,000 --> 00:52:41,480
Speaker 1: he had been leading in the polls that caused him

976
00:52:41,520 --> 00:52:44,279
Speaker 1: to fall behind into second and third place depending on

977
00:52:44,320 --> 00:52:49,440
Speaker 1: the poll. And now yeah he's risen back up. And listen,

978
00:52:49,800 --> 00:52:52,839
Speaker 1: Missouri is a conservative state at this point, very likely

979
00:52:52,880 --> 00:52:55,839
Speaker 1: that whoever the Republican nominee is, especially in this year,

980
00:52:56,040 --> 00:52:59,400
Speaker 1: ends up being the Senator from this state. But if

981
00:52:59,440 --> 00:53:03,000
Speaker 1: there was anyone that Democrats could beat, it would be

982
00:53:03,120 --> 00:53:06,160
Speaker 1: Eric Briton's. I mean, you were putting up the weakest

983
00:53:06,200 --> 00:53:10,520
Speaker 1: candidate that you possibly could. And we've seen in other instances,

984
00:53:10,600 --> 00:53:14,359
Speaker 1: I mean Todd Aken in Missouri where this does end

985
00:53:14,440 --> 00:53:16,279
Speaker 1: up voters take a look and say, you know, and

986
00:53:16,320 --> 00:53:19,480
Speaker 1: I want nothing to do with that, or what's his face?

987
00:53:19,480 --> 00:53:24,040
Speaker 1: Why I always forget his name? Roy Moore, same deal

988
00:53:24,080 --> 00:53:26,640
Speaker 1: and even redder state where Democrats are able to take

989
00:53:26,640 --> 00:53:31,719
Speaker 1: advantage of someone who has significant unacceptable scandals. Democrats have

990
00:53:31,800 --> 00:53:34,600
Speaker 1: a I think a strong candidate in Lucas Kooont's, but

991
00:53:34,719 --> 00:53:37,960
Speaker 1: he also was facing a very difficult primary against some

992
00:53:38,160 --> 00:53:42,080
Speaker 1: like Airiss, wealthy heiress lady. It's like, you know, sort

993
00:53:42,080 --> 00:53:46,520
Speaker 1: of establishment aligned. So we'll see what ultimately happens here,

994
00:53:46,560 --> 00:53:50,399
Speaker 1: but it's it's a real I think it is a

995
00:53:50,560 --> 00:53:55,800
Speaker 1: very revealing statement on what plays in the Republican Party, now,

996
00:53:56,120 --> 00:53:58,600
Speaker 1: what motivates the base, and what it looks like when

997
00:53:59,280 --> 00:54:02,839
Speaker 1: your whole just collapses down to like what you're in

998
00:54:02,920 --> 00:54:05,680
Speaker 1: opposition to. You know, like the more that the media

999
00:54:05,719 --> 00:54:08,040
Speaker 1: hates you, the better it is free And it doesn't

1000
00:54:08,080 --> 00:54:10,799
Speaker 1: matter if there's like a legitimate reason for them to

1001
00:54:10,800 --> 00:54:13,239
Speaker 1: be criticizing. It doesn't matter. Ye, We're not going to

1002
00:54:13,320 --> 00:54:16,160
Speaker 1: pretend and say like, oh, this ad is so bad,

1003
00:54:16,280 --> 00:54:18,200
Speaker 1: like people will come to their senses. I'm like, no,

1004
00:54:18,400 --> 00:54:20,480
Speaker 1: the more the media taught frankly more than we talk

1005
00:54:20,520 --> 00:54:22,720
Speaker 1: about it and say it's irresponsible or whatever. The Washington

1006
00:54:22,719 --> 00:54:24,880
Speaker 1: Post is like, this is terrific. The more that the

1007
00:54:24,920 --> 00:54:27,239
Speaker 1: tech companies take it off, the better it's going to

1008
00:54:27,280 --> 00:54:30,719
Speaker 1: be for mister Eric down there. But it's still noteworthy

1009
00:54:30,800 --> 00:54:32,719
Speaker 1: just from an analytical point of view. I'm like, this

1010
00:54:32,760 --> 00:54:36,200
Speaker 1: is where politics are trending. People, So buckle up, buckle up,

1011
00:54:36,680 --> 00:54:38,839
Speaker 1: buckle up for this next segment too. I know you're

1012
00:54:38,840 --> 00:54:41,440
Speaker 1: excited to hear what Hillary Rodham Clinton has to say

1013
00:54:41,800 --> 00:54:46,640
Speaker 1: about politics. She did a vague interview with Financial Times.

1014
00:54:47,280 --> 00:54:50,080
Speaker 1: Lots of it was cringeworthy, including there's a section where

1015
00:54:50,120 --> 00:54:53,240
Speaker 1: she's talking about Putin and she was like very upset

1016
00:54:53,280 --> 00:54:55,400
Speaker 1: about his man spreading, which I thought, of all the

1017
00:54:55,440 --> 00:54:57,959
Speaker 1: things you're going to be upset with Putin about, that's

1018
00:54:58,040 --> 00:55:01,319
Speaker 1: the one. That's the one we're going to into. But

1019
00:55:01,400 --> 00:55:03,680
Speaker 1: the piece that really caught people's attention. And we can

1020
00:55:03,680 --> 00:55:04,960
Speaker 1: go ahead. We got the tear shee, we can put

1021
00:55:04,960 --> 00:55:07,560
Speaker 1: it up on the screen. Is she was asked. And

1022
00:55:07,600 --> 00:55:09,640
Speaker 1: again I have no idea why you would ask this

1023
00:55:09,760 --> 00:55:11,760
Speaker 1: lady of this question other than to do the polar

1024
00:55:11,800 --> 00:55:14,959
Speaker 1: opposite of what she says. But she was asked about

1025
00:55:15,040 --> 00:55:21,560
Speaker 1: Democrats and how best to win elections. So this writer says,

1026
00:55:21,640 --> 00:55:23,480
Speaker 1: I say that Democrats seem to be going out of

1027
00:55:23,480 --> 00:55:26,800
Speaker 1: their way to lose elections by elevating activist causes, notably

1028
00:55:26,840 --> 00:55:29,840
Speaker 1: the transgender debate, which irrelevant only to a small minority.

1029
00:55:30,120 --> 00:55:32,480
Speaker 1: What sense does it make to depict JK Rowling as

1030
00:55:32,480 --> 00:55:35,640
Speaker 1: a fascist? To my surprise, Clinton shares the premise of

1031
00:55:35,640 --> 00:55:39,400
Speaker 1: my question, quote, we are standing on the precipice of

1032
00:55:39,440 --> 00:55:43,120
Speaker 1: losing our democracy, and everything that everybody else cares about

1033
00:55:43,160 --> 00:55:46,040
Speaker 1: then goes out the window. She says, Look, the most

1034
00:55:46,080 --> 00:55:49,759
Speaker 1: important thing is to win the next election. The alternative

1035
00:55:49,800 --> 00:55:51,919
Speaker 1: is so frighting that whatever does not help you win

1036
00:55:52,160 --> 00:55:55,080
Speaker 1: should not be a priority. And she named checks defund

1037
00:55:55,120 --> 00:55:57,960
Speaker 1: the police, because of course that's the go to boogeyman

1038
00:55:58,080 --> 00:56:00,920
Speaker 1: for all of these people. I mean, listen, how we

1039
00:56:00,960 --> 00:56:04,720
Speaker 1: feel about transgender issue, How are we feel about defund

1040
00:56:04,719 --> 00:56:07,400
Speaker 1: the police? First of all, I would say that except

1041
00:56:07,440 --> 00:56:10,520
Speaker 1: outside of the activist community, this is not the focus

1042
00:56:10,520 --> 00:56:12,360
Speaker 1: of what democrats are talking about right now. By in

1043
00:56:12,440 --> 00:56:16,240
Speaker 1: large esse, It's not number two like we were talking

1044
00:56:16,239 --> 00:56:20,239
Speaker 1: about this at this point. What is AOC saying LATINX

1045
00:56:20,440 --> 00:56:22,759
Speaker 1: have to do with your gas prices? I mean, it's

1046
00:56:22,840 --> 00:56:27,480
Speaker 1: just so mindnumbingly stupid to think that that's the biggest

1047
00:56:27,480 --> 00:56:29,480
Speaker 1: problem that Joe Biden is facing right now. It is

1048
00:56:29,680 --> 00:56:32,360
Speaker 1: very clear the issue Joe Biden is facing is you

1049
00:56:32,400 --> 00:56:34,399
Speaker 1: have like seventy five percent of the country that says

1050
00:56:34,400 --> 00:56:37,160
Speaker 1: we're on the wrong track. You've got massive inflation, You've

1051
00:56:37,160 --> 00:56:39,759
Speaker 1: got people struggling to put food on their table and

1052
00:56:39,800 --> 00:56:42,720
Speaker 1: put gas in their gas tanks. It is that simple,

1053
00:56:42,760 --> 00:56:45,480
Speaker 1: and you cannot blame the left for any of that.

1054
00:56:45,880 --> 00:56:48,200
Speaker 1: Your dude is in charge. So if you want to

1055
00:56:48,239 --> 00:56:51,080
Speaker 1: point fingers, look to him. But once again, I don't

1056
00:56:51,120 --> 00:56:53,000
Speaker 1: know why we're asking miss like, I don't know if

1057
00:56:53,000 --> 00:56:56,400
Speaker 1: I should campaign in Michigan for advice on winning elections? Oh? Absolutely,

1058
00:56:56,440 --> 00:56:58,840
Speaker 1: And I think it's also fascinating that you know she

1059
00:56:59,000 --> 00:57:02,959
Speaker 1: engages in this like we are about to lose our democracy,

1060
00:57:03,080 --> 00:57:07,719
Speaker 1: the precipice all of that. Well, who actually scores well

1061
00:57:07,760 --> 00:57:11,040
Speaker 1: whenever you talk about democracy? This poll is so funny.

1062
00:57:11,080 --> 00:57:13,240
Speaker 1: Let's throw this on the screen. This is the latest

1063
00:57:13,320 --> 00:57:16,400
Speaker 1: poll from Fox News. And yes, I know it's from Fox,

1064
00:57:16,440 --> 00:57:19,200
Speaker 1: but it's not like their polling division pause anything. You know,

1065
00:57:19,840 --> 00:57:22,640
Speaker 1: it's generally pretty good. They say pretty much, Well, which

1066
00:57:23,280 --> 00:57:27,240
Speaker 1: party is trying to win and preserve democracy? And they

1067
00:57:27,280 --> 00:57:31,720
Speaker 1: say that Republicans, by a margin yes, of only one vote,

1068
00:57:32,040 --> 00:57:36,800
Speaker 1: actually cares about preserving American Who would do a better

1069
00:57:36,960 --> 00:57:41,440
Speaker 1: job of preserving American democracy? Okay, so they say, well,

1070
00:57:41,560 --> 00:57:44,880
Speaker 1: it's a virtual tie within the actual American people. And also,

1071
00:57:44,960 --> 00:57:47,400
Speaker 1: don't forget this, remember the K and S rule of polling.

1072
00:57:47,440 --> 00:57:49,880
Speaker 1: You should generally add plus seven whenever it comes to

1073
00:57:49,920 --> 00:57:53,280
Speaker 1: a Republican given how we saw the twenty twenty election

1074
00:57:53,400 --> 00:57:56,960
Speaker 1: results unfold. So given both the margin of error which

1075
00:57:56,960 --> 00:57:58,880
Speaker 1: they are tied in in this actual poll and the

1076
00:57:58,960 --> 00:58:01,640
Speaker 1: general trend to un sample at the very least Trump

1077
00:58:01,680 --> 00:58:05,720
Speaker 1: Republicans or Trump type support, it is likely that the

1078
00:58:05,760 --> 00:58:09,800
Speaker 1: Republicans actually do come out ahead. On preservation of American democracy,

1079
00:58:09,840 --> 00:58:11,680
Speaker 1: you can't. So what does that tell you? You You can't,

1080
00:58:11,680 --> 00:58:15,000
Speaker 1: on the one hand, say that preserving we're on the

1081
00:58:15,000 --> 00:58:18,480
Speaker 1: presipice of losing our democracy. Ever, the only thing that

1082
00:58:18,520 --> 00:58:22,080
Speaker 1: matters is to win the election and then turn around

1083
00:58:22,120 --> 00:58:24,880
Speaker 1: and look at the issues that people care about and say, yeah,

1084
00:58:24,880 --> 00:58:27,160
Speaker 1: those aren't the issues you should care about, and we're

1085
00:58:27,200 --> 00:58:29,920
Speaker 1: not going to do anything about those issues. Right, If

1086
00:58:29,920 --> 00:58:33,600
Speaker 1: you actually think the stakes of this election are existential,

1087
00:58:33,920 --> 00:58:35,880
Speaker 1: which you know, we've talked about the people who are

1088
00:58:36,080 --> 00:58:38,840
Speaker 1: the dudent Pennsylvania, there's a chance to you know, coint

1089
00:58:38,840 --> 00:58:41,400
Speaker 1: a secretary like these these are not good things. Right,

1090
00:58:41,760 --> 00:58:46,160
Speaker 1: If you genuinely think that this election is existential, then

1091
00:58:46,240 --> 00:58:48,280
Speaker 1: deliver for the American people so they want to vote

1092
00:58:48,280 --> 00:58:51,000
Speaker 1: for you. How about that? And number two, I mean

1093
00:58:51,120 --> 00:58:52,840
Speaker 1: so much of it And I know Hillary is not

1094
00:58:53,160 --> 00:58:56,680
Speaker 1: at least the actual head of the Democratic Party anymore,

1095
00:58:56,800 --> 00:58:58,880
Speaker 1: even though she still has a lot of sway apparently,

1096
00:58:58,920 --> 00:59:01,080
Speaker 1: and still get to ask questions like this. But you

1097
00:59:01,120 --> 00:59:04,120
Speaker 1: also can't say that the stakes are existential and then

1098
00:59:04,280 --> 00:59:10,240
Speaker 1: prop up candidates who in Republican primaries, who are you know, diehard,

1099
00:59:10,280 --> 00:59:13,280
Speaker 1: stop the steelers and play with fire like that. Again,

1100
00:59:13,320 --> 00:59:16,880
Speaker 1: Pennsylvania is the perfect example there. So everything about this

1101
00:59:17,160 --> 00:59:22,600
Speaker 1: is so silly and disconnected and condescending and just absurd

1102
00:59:22,720 --> 00:59:25,400
Speaker 1: that again, the only reason ask her this question is

1103
00:59:25,440 --> 00:59:27,360
Speaker 1: to do the polar opposite of what she's saying. She's

1104
00:59:27,400 --> 00:59:29,840
Speaker 1: not wrong that Democrats do need to win elections if

1105
00:59:29,840 --> 00:59:32,480
Speaker 1: they do actually care about this. I just don't think

1106
00:59:32,520 --> 00:59:34,800
Speaker 1: that she knows a damn thing about winning elections. I mean,

1107
00:59:34,800 --> 00:59:37,280
Speaker 1: that's actually what it comes down to. That's why I

1108
00:59:37,320 --> 00:59:39,840
Speaker 1: don't really know why it was even worth like sitting

1109
00:59:39,880 --> 00:59:43,200
Speaker 1: down for her in such a long spread. As you said. Also,

1110
00:59:43,360 --> 00:59:45,760
Speaker 1: the idea that she thinks one of the biggest problems

1111
00:59:45,800 --> 00:59:48,200
Speaker 1: with Putin is that he was man spreading. That actually

1112
00:59:48,240 --> 00:59:51,080
Speaker 1: really ties back to that monologue you did about how

1113
00:59:51,120 --> 00:59:56,320
Speaker 1: she was she really does like tipify the tipping point

1114
00:59:56,600 --> 01:00:00,280
Speaker 1: of modern feminism and turning people against it. The pole

1115
01:00:00,360 --> 01:00:02,800
Speaker 1: result actually that we cited has only been affirmed even

1116
01:00:02,840 --> 01:00:07,680
Speaker 1: more recently, which is that older males, older white males specifically,

1117
01:00:07,720 --> 01:00:11,160
Speaker 1: are actually more comfortable with the idea of feminism than

1118
01:00:11,320 --> 01:00:15,000
Speaker 1: younger white males today in twenty twenty two, younger white males.

1119
01:00:15,080 --> 01:00:16,640
Speaker 1: I mean, I don't want to say it was only

1120
01:00:16,720 --> 01:00:18,880
Speaker 1: Hillary Clinton, but it was a big part. If you're

1121
01:00:18,920 --> 01:00:22,520
Speaker 1: a younger male Democrat or Republican and you're told feminism

1122
01:00:22,640 --> 01:00:25,480
Speaker 1: is like making sure Hillary Clinton can be President of

1123
01:00:25,520 --> 01:00:28,280
Speaker 1: the United States, you might feel like this may not

1124
01:00:28,360 --> 01:00:30,680
Speaker 1: be for me. And not only that, but like if

1125
01:00:30,680 --> 01:00:32,200
Speaker 1: you're on the other side of that, if you were

1126
01:00:32,200 --> 01:00:34,600
Speaker 1: a Bernie Sanders supporter in the Democratic primary, that you're

1127
01:00:34,640 --> 01:00:37,800
Speaker 1: a sexist and you're anti feminist. Like anyway, there are

1128
01:00:38,080 --> 01:00:40,280
Speaker 1: go back and watch my monologue for fuller thoughts on

1129
01:00:40,280 --> 01:00:41,959
Speaker 1: that topic, because I do think it is a very

1130
01:00:42,000 --> 01:00:45,320
Speaker 1: interesting and illustrative trend that is worth taking into. Oh. Absolutely,

1131
01:00:45,400 --> 01:00:47,440
Speaker 1: I think she's absolutely the center of it. And I

1132
01:00:47,440 --> 01:00:49,960
Speaker 1: think that Hillary the fact that she talks this way

1133
01:00:49,960 --> 01:00:52,720
Speaker 1: in this apocalyptic language, and then that the Republicans are

1134
01:00:52,720 --> 01:00:56,160
Speaker 1: actually beating them whenever it comes to the genuine polling results,

1135
01:00:56,400 --> 01:01:00,000
Speaker 1: that tells you a lot about the actual political efficacy

1136
01:01:00,280 --> 01:01:04,520
Speaker 1: of her argument and then of the Democratic establishment today. Okay,

1137
01:01:04,880 --> 01:01:07,880
Speaker 1: let's talk about Taylor Lorenz we've been saying there, I've

1138
01:01:07,920 --> 01:01:10,840
Speaker 1: been relishing bringing this all to you. We have two

1139
01:01:10,960 --> 01:01:13,480
Speaker 1: important tailor updates, and I just want to say at

1140
01:01:13,480 --> 01:01:16,160
Speaker 1: the top, like, why do we focus on Taylor Beyond

1141
01:01:16,240 --> 01:01:21,840
Speaker 1: her lies, obfuscations, shoddy reporting, she is the symbol of

1142
01:01:22,560 --> 01:01:25,440
Speaker 1: new journalism, of the way that younger journalists in these

1143
01:01:25,480 --> 01:01:29,600
Speaker 1: elite institutions behave. They abandon all pretense of fairness. They

1144
01:01:29,680 --> 01:01:33,440
Speaker 1: use their positions in order to directly target their political opponents,

1145
01:01:33,640 --> 01:01:37,480
Speaker 1: and then they lie, obfuscate, and violate basic journalistic ethics

1146
01:01:37,640 --> 01:01:40,160
Speaker 1: whenever they do so, and then when they get called

1147
01:01:40,200 --> 01:01:43,400
Speaker 1: on it, they accuse you of harassing them. They weaponize

1148
01:01:43,480 --> 01:01:46,280
Speaker 1: the well meaning language of inclusivity and of a harassment

1149
01:01:46,520 --> 01:01:48,880
Speaker 1: in order to get these elite institutions in order to

1150
01:01:48,920 --> 01:01:51,920
Speaker 1: bend to their will, thereby destroying what made them great

1151
01:01:52,080 --> 01:01:54,720
Speaker 1: in the first place. Well, we have some news on that.

1152
01:01:54,880 --> 01:01:57,120
Speaker 1: Let's put this up there on the screen. As a

1153
01:01:57,160 --> 01:02:01,280
Speaker 1: result of Taylor Lorenz's shoddy reporting by saying that she

1154
01:02:01,320 --> 01:02:04,840
Speaker 1: had contacted two YouTubers despite the fact that she hadn't,

1155
01:02:05,040 --> 01:02:08,240
Speaker 1: then trying to throw her editor under the bus, she

1156
01:02:08,440 --> 01:02:12,320
Speaker 1: has now been demoted from the feature staff to the

1157
01:02:12,440 --> 01:02:17,480
Speaker 1: technology team. Furthermore, the number two editor at the Washington

1158
01:02:17,520 --> 01:02:21,840
Speaker 1: Post has been asked to review all of her articles

1159
01:02:22,040 --> 01:02:26,960
Speaker 1: before publication. That is about as much of a professional

1160
01:02:27,000 --> 01:02:29,520
Speaker 1: slap as it gets in the business. Which is, when

1161
01:02:29,560 --> 01:02:32,600
Speaker 1: I worked as a journalist, of course you had editors

1162
01:02:32,600 --> 01:02:35,280
Speaker 1: and more who would sign off on your work. Nobody

1163
01:02:35,360 --> 01:02:37,880
Speaker 1: was coming through being like, are you sure this is true?

1164
01:02:37,960 --> 01:02:40,400
Speaker 1: All of this, My boss has had trusted me that

1165
01:02:40,520 --> 01:02:44,200
Speaker 1: anything that I was filing for publication was done in

1166
01:02:44,280 --> 01:02:48,160
Speaker 1: basis with the ethics and both professionally and of the institution.

1167
01:02:48,560 --> 01:02:50,800
Speaker 1: So to have it so that all your work has

1168
01:02:50,880 --> 01:02:54,240
Speaker 1: to get reviewed line by line before it goes up

1169
01:02:55,000 --> 01:02:58,720
Speaker 1: by a top editor, that doesn't happen in these newsrooms

1170
01:02:58,880 --> 01:03:03,040
Speaker 1: without major Now look, they claim the Post continues to

1171
01:03:03,080 --> 01:03:06,080
Speaker 1: say it was an editor's fault that they said that

1172
01:03:06,120 --> 01:03:08,920
Speaker 1: Taylor had contacted these people. But it's not just about that.

1173
01:03:08,960 --> 01:03:11,600
Speaker 1: This is about the doxing also of the libs of TikTok,

1174
01:03:11,760 --> 01:03:15,280
Speaker 1: the way that she continues to comport herself on social media,

1175
01:03:15,560 --> 01:03:19,120
Speaker 1: which is just her like horrifically embarrassing for her personally,

1176
01:03:19,440 --> 01:03:23,360
Speaker 1: but also for the broader institution that she's attached. I mean,

1177
01:03:23,440 --> 01:03:26,000
Speaker 1: remember she worked over at the New York Times, and

1178
01:03:26,040 --> 01:03:28,760
Speaker 1: she trashed the Times on her way out for not

1179
01:03:28,880 --> 01:03:32,760
Speaker 1: letting her be more unhinged and vocal enough online. That's

1180
01:03:32,800 --> 01:03:35,720
Speaker 1: basically the direct reason for why she left. And she

1181
01:03:35,800 --> 01:03:38,960
Speaker 1: still got hired by Jeff Bezos's newspaper, the number two

1182
01:03:39,040 --> 01:03:41,720
Speaker 1: newspaper in the country. Yeah. She thinks of herself as

1183
01:03:41,760 --> 01:03:44,240
Speaker 1: a brand. Yeah that's rather than as a journalist. And

1184
01:03:44,280 --> 01:03:45,800
Speaker 1: that's fine. You can be a brand, but then don't

1185
01:03:45,800 --> 01:03:48,080
Speaker 1: go work in one of these papers. Right. And the

1186
01:03:48,120 --> 01:03:51,200
Speaker 1: other problem with her journalism, as we've talked about before,

1187
01:03:51,360 --> 01:03:57,200
Speaker 1: is often like thinly disguised opinion, like meant to prove

1188
01:03:57,440 --> 01:04:02,439
Speaker 1: a point. Like remember when she quote unquote reported on

1189
01:04:02,560 --> 01:04:05,840
Speaker 1: the end of the Nina Jankowitz like whatever their you know,

1190
01:04:05,920 --> 01:04:08,440
Speaker 1: Ministry of Truth thing was called. I still can't remember.

1191
01:04:08,520 --> 01:04:10,880
Speaker 1: It was like some real distortion disinformation a word of

1192
01:04:11,040 --> 01:04:15,000
Speaker 1: disinformation or whatever. Yeah, that's it, disinformation, governor and sport.

1193
01:04:15,280 --> 01:04:18,120
Speaker 1: Her angle wasn't like, you know, just telling the facts

1194
01:04:18,120 --> 01:04:20,160
Speaker 1: of Okay, they decided they got pushed back and this,

1195
01:04:20,280 --> 01:04:22,600
Speaker 1: you know, they decided that this wasn't really worth it,

1196
01:04:22,600 --> 01:04:24,520
Speaker 1: and they're putting a pause on it, which is a

1197
01:04:24,560 --> 01:04:28,400
Speaker 1: good scoop that she got. Instead, it was some tangled

1198
01:04:28,640 --> 01:04:32,680
Speaker 1: ideological narrative about how you know, there was a coordinated

1199
01:04:32,880 --> 01:04:38,320
Speaker 1: bullying smear campaign against Nina Jankowitz that was you know,

1200
01:04:38,480 --> 01:04:40,920
Speaker 1: led by a right wing mob and all this stuff,

1201
01:04:40,960 --> 01:04:45,480
Speaker 1: and it was clearly projection of how she feels. You know,

1202
01:04:45,600 --> 01:04:48,280
Speaker 1: she putn Nina Jankowitz in the role of how Taylor

1203
01:04:48,320 --> 01:04:52,080
Speaker 1: feels that she's mistreated online and these coordinated attacks are

1204
01:04:52,120 --> 01:04:56,240
Speaker 1: like coordinating attacks, it's just Twitter like And by the way,

1205
01:04:56,360 --> 01:04:58,600
Speaker 1: it's as I said at the time, like it's not

1206
01:04:58,680 --> 01:05:02,360
Speaker 1: a bad thing for the administration to be responsive to

1207
01:05:02,440 --> 01:05:04,960
Speaker 1: public criticism. But by the way, did not just come

1208
01:05:05,000 --> 01:05:07,640
Speaker 1: exclusively from the right. There was plenty of right wing critis,

1209
01:05:07,720 --> 01:05:10,800
Speaker 1: but there was you know, free speech organizations that were

1210
01:05:10,800 --> 01:05:12,840
Speaker 1: people like myself on the left. There were all kinds

1211
01:05:12,880 --> 01:05:15,840
Speaker 1: of people who were concerned about this, and even mainstream

1212
01:05:15,840 --> 01:05:18,320
Speaker 1: reporters who were like, what is this and why can't

1213
01:05:18,360 --> 01:05:20,240
Speaker 1: you explain it properly? Well, we've talked about that before,

1214
01:05:20,280 --> 01:05:21,520
Speaker 1: which is that Look, if you want to be an

1215
01:05:21,560 --> 01:05:24,280
Speaker 1: op ed writer, be my guest, there's nothing wrong with that.

1216
01:05:24,600 --> 01:05:27,280
Speaker 1: You know, the world needs them. I guess. Look, there's

1217
01:05:27,320 --> 01:05:30,880
Speaker 1: an obviously an elite liberal market for people who would

1218
01:05:30,880 --> 01:05:34,480
Speaker 1: read Taylor's columns. Yes, that's genuinely fine, but don't be

1219
01:05:34,880 --> 01:05:40,160
Speaker 1: reporting quote unquote for the newsroom and egregiously violating journalistic

1220
01:05:40,240 --> 01:05:43,840
Speaker 1: standards and ethics. And also this is how she behaves

1221
01:05:43,880 --> 01:05:45,920
Speaker 1: on a more personal level. Let's slow us on the screen.

1222
01:05:46,240 --> 01:05:49,280
Speaker 1: So Matt Iglacias tweets out some personal news. I have

1223
01:05:49,440 --> 01:05:53,000
Speaker 1: contracted the novel coronavirus. Frankly, I think the virus should

1224
01:05:53,000 --> 01:05:56,920
Speaker 1: respect Father's Day more than this. FYI, all future typos

1225
01:05:57,080 --> 01:06:01,000
Speaker 1: are due to long COVID. Okay, I mean funny, I guess.

1226
01:06:02,240 --> 01:06:05,400
Speaker 1: Taylor replies. I'm glad it's to joke for you, Matt,

1227
01:06:05,480 --> 01:06:07,919
Speaker 1: and that you're lucky enough to get access to great

1228
01:06:07,960 --> 01:06:11,080
Speaker 1: care for those who have had their lives destroyed by

1229
01:06:11,120 --> 01:06:13,920
Speaker 1: the virus and who have had loved ones die or

1230
01:06:14,000 --> 01:06:17,520
Speaker 1: suffer with LC, it's not funny. Hope you can have

1231
01:06:17,600 --> 01:06:22,120
Speaker 1: a little bit more empathy, especially today. And I actually

1232
01:06:22,200 --> 01:06:25,960
Speaker 1: loved even more is a guy replied to her and goes, hey, Taylor,

1233
01:06:26,280 --> 01:06:29,040
Speaker 1: I literally was in a forty day COVID as a

1234
01:06:29,080 --> 01:06:31,760
Speaker 1: forty day coma as a result of COVID. Can I

1235
01:06:31,880 --> 01:06:34,840
Speaker 1: joke about long covid because I thought it was funny,

1236
01:06:35,120 --> 01:06:38,960
Speaker 1: and she goes germssion. She's like, well, you can joke

1237
01:06:39,040 --> 01:06:42,280
Speaker 1: about it because you're somebody afflicted, but somebody who's not

1238
01:06:42,320 --> 01:06:45,760
Speaker 1: afflicted should First of all, long covid. I'm not going

1239
01:06:45,840 --> 01:06:47,320
Speaker 1: to say it's fake, but I think it has a

1240
01:06:47,400 --> 01:06:51,640
Speaker 1: high incidence of fakery up online for both, you know,

1241
01:06:51,920 --> 01:06:55,560
Speaker 1: claiming some sort of victimhood status and masking some what

1242
01:06:55,640 --> 01:06:58,400
Speaker 1: I think are some serious mental issues that are going on.

1243
01:06:58,560 --> 01:07:01,720
Speaker 1: I think long covid is real. I think there's been

1244
01:07:01,800 --> 01:07:05,440
Speaker 1: insufficient research into what it is, what it means, the

1245
01:07:05,480 --> 01:07:09,960
Speaker 1: extent of it, et cetera. But what tailor I mean, God,

1246
01:07:10,720 --> 01:07:13,160
Speaker 1: lighten up and like she acts like, oh, she's the

1247
01:07:13,200 --> 01:07:16,480
Speaker 1: queen of empathy. Okay, we see that in your reporting.

1248
01:07:16,680 --> 01:07:17,960
Speaker 1: I mean that was the one that, you know, the

1249
01:07:18,000 --> 01:07:20,640
Speaker 1: one that really pissed me off was the way that

1250
01:07:20,680 --> 01:07:24,200
Speaker 1: she went after legal bites in that Umbrella guy and actually,

1251
01:07:24,200 --> 01:07:28,360
Speaker 1: by extension, the entire independent media ecosystem in the wake

1252
01:07:28,480 --> 01:07:32,200
Speaker 1: of the dep Heard trial, because she did this whole

1253
01:07:32,280 --> 01:07:35,520
Speaker 1: article about how basically these creators were just grifters. This

1254
01:07:35,680 --> 01:07:40,320
Speaker 1: was the implication of her quote unquote reporting that these

1255
01:07:40,760 --> 01:07:43,840
Speaker 1: creators were just grifters who just jumped onto the next

1256
01:07:44,040 --> 01:07:47,200
Speaker 1: hot thing, which wasn't remotely trum. And Legal Bites does

1257
01:07:47,280 --> 01:07:50,880
Speaker 1: legal analysis, that's what she does. She channel previously you know,

1258
01:07:50,960 --> 01:07:54,040
Speaker 1: pop culture sort of legal trials that pop into the

1259
01:07:54,080 --> 01:07:56,479
Speaker 1: mainstream because it's a good way to illustrate these legal

1260
01:07:56,480 --> 01:07:58,800
Speaker 1: principles and people are interested in it, So, okay, what's

1261
01:07:58,840 --> 01:08:02,640
Speaker 1: wrong with that? And she slammed directly in the piece

1262
01:08:02,680 --> 01:08:06,720
Speaker 1: the lack of journalistic standards in the very piece where

1263
01:08:06,760 --> 01:08:10,920
Speaker 1: she is so sloppily violating journalistic standards that the reporting

1264
01:08:11,000 --> 01:08:15,200
Speaker 1: was her own. Colleagues were completely enraged and discussed because

1265
01:08:15,200 --> 01:08:18,719
Speaker 1: this is someone who has an extraordinarily large profile, who's

1266
01:08:18,800 --> 01:08:22,680
Speaker 1: brought in as this sort of like star reporter and

1267
01:08:22,720 --> 01:08:26,479
Speaker 1: then engages in these really sloppy techniques that just reflect

1268
01:08:26,560 --> 01:08:28,880
Speaker 1: poorly on the whole organization. And you know, I got

1269
01:08:28,880 --> 01:08:30,960
Speaker 1: to say, I wasn't that into the depth hard trial

1270
01:08:31,040 --> 01:08:32,880
Speaker 1: like while it was happening. But since then, you know,

1271
01:08:32,920 --> 01:08:37,160
Speaker 1: I watched some videos. The amount of actually good information

1272
01:08:37,360 --> 01:08:39,920
Speaker 1: on YouTube is stunning. I'm learning this about everything. If

1273
01:08:39,920 --> 01:08:41,479
Speaker 1: I want to learn about my health, I go to YouTube.

1274
01:08:41,520 --> 01:08:43,959
Speaker 1: If I want to learn about whatever. Some of the

1275
01:08:44,000 --> 01:08:48,960
Speaker 1: smartest people who convey information are all on YouTube, bypassing

1276
01:08:49,040 --> 01:08:52,600
Speaker 1: all of the traditional means of communication. So you know,

1277
01:08:52,760 --> 01:08:55,120
Speaker 1: even I sent you that video about that guy who

1278
01:08:55,160 --> 01:08:59,400
Speaker 1: caught NBC editing the Amber heard most recent interview, you

1279
01:08:59,400 --> 01:09:01,639
Speaker 1: would to learn that from the media. This is these

1280
01:09:01,640 --> 01:09:03,679
Speaker 1: people are experienced and they know what they're talking about.

1281
01:09:03,680 --> 01:09:06,559
Speaker 1: This is part of what came out, I think in

1282
01:09:06,600 --> 01:09:10,519
Speaker 1: my appearance on Bill Maher because we kind of you know,

1283
01:09:10,640 --> 01:09:13,760
Speaker 1: I just don't consume a lot of like cable news.

1284
01:09:14,160 --> 01:09:18,000
Speaker 1: I really don't consume cable don't at all. So you know,

1285
01:09:18,120 --> 01:09:23,360
Speaker 1: my my information diet is a lot of alternative media

1286
01:09:23,640 --> 01:09:27,160
Speaker 1: and then it's print media, you know. And so it

1287
01:09:27,240 --> 01:09:30,599
Speaker 1: was sort of stunning to me the holes in the

1288
01:09:30,640 --> 01:09:33,840
Speaker 1: timeline of what had happened during the COVID crash and

1289
01:09:33,880 --> 01:09:36,160
Speaker 1: what the policies were and how we got to where

1290
01:09:36,160 --> 01:09:39,679
Speaker 1: we where we ultimately are. But it does just show

1291
01:09:39,720 --> 01:09:43,400
Speaker 1: you how sort of shallow a lot of the mainstream

1292
01:09:43,560 --> 01:09:46,320
Speaker 1: quote unquote reporting and narrative is that if you actually

1293
01:09:46,400 --> 01:09:48,800
Speaker 1: do want to go deep on a topic, which we tried,

1294
01:09:48,880 --> 01:09:51,640
Speaker 1: which we do oftentimes, you know, especially on things that

1295
01:09:51,720 --> 01:09:55,240
Speaker 1: are developing and we're trying to wrap O today. Wait,

1296
01:09:55,320 --> 01:09:57,720
Speaker 1: you're going to get way more from you know, an

1297
01:09:57,760 --> 01:10:01,920
Speaker 1: in depth YouTube channel or podcast than you are from

1298
01:10:02,000 --> 01:10:06,760
Speaker 1: many other places. Absolutely, all right, Zacher, what are you

1299
01:10:06,760 --> 01:10:08,960
Speaker 1: looking at? I've covered the dangers of TikTok here for

1300
01:10:09,000 --> 01:10:11,639
Speaker 1: a long time, leaving aside its technology. Whether it's good

1301
01:10:11,640 --> 01:10:14,120
Speaker 1: for people's brains or not, is a basic fact. The

1302
01:10:14,120 --> 01:10:17,839
Speaker 1: most used app by American teenagers and increasingly every American

1303
01:10:18,200 --> 01:10:21,160
Speaker 1: is not only from China, but directly controlled by China.

1304
01:10:21,439 --> 01:10:24,320
Speaker 1: The Trump administration was too incompetent to actually follow through

1305
01:10:24,360 --> 01:10:27,000
Speaker 1: on a ban. The Biden administration is too captured by

1306
01:10:27,000 --> 01:10:29,679
Speaker 1: the powerful China lobby to actually do anything about it,

1307
01:10:29,840 --> 01:10:32,920
Speaker 1: and would probably fall for the fake criticism that banning

1308
01:10:33,240 --> 01:10:36,840
Speaker 1: TikTok is racist against Chinese people. But for years the

1309
01:10:36,880 --> 01:10:40,559
Speaker 1: TikTok lobby has said people like me are crazy, that

1310
01:10:40,600 --> 01:10:43,559
Speaker 1: the TikTok us has a different data server than its

1311
01:10:43,600 --> 01:10:46,600
Speaker 1: Chinese parent company, byt Dance, and that their data is

1312
01:10:46,640 --> 01:10:50,320
Speaker 1: not accessed by the parent company. Now that is really dumb.

1313
01:10:50,560 --> 01:10:52,760
Speaker 1: Why would a company who owns one of the most

1314
01:10:52,840 --> 01:10:56,800
Speaker 1: valuable technology platforms on planet Earth not use it for

1315
01:10:56,800 --> 01:11:00,720
Speaker 1: commercial reasons? But now we finally have the truth ByteDance

1316
01:11:00,720 --> 01:11:03,920
Speaker 1: and TikTok's lobbyists were lying the entire time, and we

1317
01:11:04,000 --> 01:11:06,559
Speaker 1: know because of some great new reporting at BuzzFeed News.

1318
01:11:06,800 --> 01:11:10,839
Speaker 1: BuzzFeed was provided with fourteen statements recordings from nine different

1319
01:11:10,840 --> 01:11:15,040
Speaker 1: TikTok employees that indicate engineers in China had direct access

1320
01:11:15,080 --> 01:11:17,840
Speaker 1: to US data between September of twenty twenty one to

1321
01:11:17,960 --> 01:11:21,280
Speaker 1: January of twenty twenty two. At the very least, that

1322
01:11:21,600 --> 01:11:27,000
Speaker 1: directly contradicts sworn testimony by TikTok executives before Congress that

1323
01:11:27,080 --> 01:11:30,000
Speaker 1: a US based team was the one who decided who

1324
01:11:30,080 --> 01:11:34,640
Speaker 1: got access to their data when and during an independent process.

1325
01:11:34,960 --> 01:11:37,680
Speaker 1: The magnitude of the lies that TikTok told really are

1326
01:11:37,720 --> 01:11:41,000
Speaker 1: stunning given the recordings that BuzzFeed has. In one instance,

1327
01:11:41,040 --> 01:11:43,760
Speaker 1: they literally have a member of the TikTok Trust and

1328
01:11:43,840 --> 01:11:48,000
Speaker 1: Safety team saying, quote, everything is seen in China. In

1329
01:11:48,040 --> 01:11:51,080
Speaker 1: another meeting, they refer to their Chinese bosses as the

1330
01:11:51,160 --> 01:11:55,800
Speaker 1: quote master admin who has quote access to everything. When

1331
01:11:55,840 --> 01:11:58,479
Speaker 1: TikTok was confronted by this, here's what they had to say,

1332
01:11:58,680 --> 01:12:03,400
Speaker 1: quote or Among the most scrutinized platforms from a security standpoint,

1333
01:12:03,600 --> 01:12:05,960
Speaker 1: We aim to remove any doubt about the security of

1334
01:12:06,040 --> 01:12:08,799
Speaker 1: US user data. That's why we hire experts in their fields,

1335
01:12:08,960 --> 01:12:12,800
Speaker 1: continually work to validate our security standards, and bring in reputable,

1336
01:12:12,840 --> 01:12:16,120
Speaker 1: independent third parties to test our defenses. In other words,

1337
01:12:16,200 --> 01:12:18,880
Speaker 1: it's freaking true, and they know their product is so

1338
01:12:18,920 --> 01:12:21,559
Speaker 1: addictive most of you won't care and we'll keep using it.

1339
01:12:21,800 --> 01:12:23,960
Speaker 1: I honestly don't mind. At this point, I get it,

1340
01:12:23,960 --> 01:12:26,760
Speaker 1: it seems fun. Truly, it actually is not on you

1341
01:12:26,840 --> 01:12:29,599
Speaker 1: to answer these questions. It's on the government to keep

1342
01:12:29,640 --> 01:12:32,840
Speaker 1: people safe, and by that measure, it is obvious, beyond

1343
01:12:32,880 --> 01:12:36,120
Speaker 1: the shadow of a doubt that TikTok should be banned immediately.

1344
01:12:36,360 --> 01:12:38,599
Speaker 1: The algorithm is not that hard to do. They were

1345
01:12:38,640 --> 01:12:41,480
Speaker 1: just the first to market. It can easily be replicated

1346
01:12:41,560 --> 01:12:43,800
Speaker 1: within a year of going away. It would have a

1347
01:12:43,840 --> 01:12:46,600
Speaker 1: major replacement. We already saw that in India, where it

1348
01:12:46,680 --> 01:12:48,760
Speaker 1: was banned not that long ago. But I think I

1349
01:12:48,760 --> 01:12:50,760
Speaker 1: should also address some of the most common arguments on

1350
01:12:50,760 --> 01:12:52,640
Speaker 1: why it should be banned. First, I hear, is this,

1351
01:12:52,920 --> 01:12:55,679
Speaker 1: what do you only care when American companies steal people's

1352
01:12:55,720 --> 01:12:58,559
Speaker 1: data and have access to it. That is a fair point,

1353
01:12:58,600 --> 01:13:02,280
Speaker 1: but there's a critical difference. There's a huge difference between

1354
01:13:02,320 --> 01:13:07,759
Speaker 1: Facebook the corporation and the US government. Facebook, Google, Apple, Twitter,

1355
01:13:08,000 --> 01:13:11,080
Speaker 1: other tech companies. Yes, they have been caught by Snowden

1356
01:13:11,280 --> 01:13:14,360
Speaker 1: working in some form with the NSA, and but they

1357
01:13:14,400 --> 01:13:17,760
Speaker 1: still have legal rights under US law. Apple literally told

1358
01:13:17,800 --> 01:13:20,040
Speaker 1: the FBI to screw off and that they would not

1359
01:13:20,160 --> 01:13:23,280
Speaker 1: open the phone of a terrorist. Facebook, Google, Twitter and

1360
01:13:23,400 --> 01:13:26,960
Speaker 1: others at least require a subpoena signed off by a

1361
01:13:27,040 --> 01:13:30,080
Speaker 1: judge before they will turn your data over to the government.

1362
01:13:30,320 --> 01:13:33,040
Speaker 1: In China, none of that exists. There's no court system.

1363
01:13:33,240 --> 01:13:35,400
Speaker 1: If they want something, they take it. There's no burden

1364
01:13:35,439 --> 01:13:37,559
Speaker 1: of proof. If you're the son, the daughter of somebody

1365
01:13:37,560 --> 01:13:40,280
Speaker 1: who works in the US government or military, they one

1366
01:13:40,320 --> 01:13:43,000
Speaker 1: hundred percent, beyond a shadow of a doubt, are pulling

1367
01:13:43,040 --> 01:13:46,120
Speaker 1: your data to glean even the tiniest bit of information.

1368
01:13:46,560 --> 01:13:49,960
Speaker 1: Second is this, let's say you don't care about privacy, Well,

1369
01:13:50,320 --> 01:13:52,320
Speaker 1: I think that if we're going to ruin our culture

1370
01:13:52,360 --> 01:13:54,720
Speaker 1: an our then our people should be at least the

1371
01:13:54,720 --> 01:13:57,960
Speaker 1: ones who are doing it. In China, their TikTok is

1372
01:13:58,000 --> 01:14:01,200
Speaker 1: not like ours. They have major districtions on when children

1373
01:14:01,240 --> 01:14:03,800
Speaker 1: can use it and the content They incentivize and push

1374
01:14:03,840 --> 01:14:08,120
Speaker 1: on their population is highly regulated. All of their TikTok

1375
01:14:08,200 --> 01:14:13,439
Speaker 1: celebrates achievements in math, science, music, literature, and other areas

1376
01:14:13,439 --> 01:14:15,920
Speaker 1: that are deemed necessary to the state and to the

1377
01:14:15,960 --> 01:14:19,000
Speaker 1: progress of the Chinese people. To be clear, I one

1378
01:14:19,080 --> 01:14:21,800
Speaker 1: hundred percent do not want the US government to do that.

1379
01:14:22,120 --> 01:14:25,639
Speaker 1: But I also don't want the Chinese government artificially pushing

1380
01:14:25,720 --> 01:14:30,040
Speaker 1: narratives from gender ideology to excessive entertainment on our populace

1381
01:14:30,200 --> 01:14:32,400
Speaker 1: for a soft power gain of trying to weaken the

1382
01:14:32,439 --> 01:14:35,360
Speaker 1: American youth. If we're going to poison our youth's mind,

1383
01:14:35,600 --> 01:14:38,720
Speaker 1: promote fat culture and other stupid stuff, at least let

1384
01:14:38,760 --> 01:14:42,200
Speaker 1: it be known it is being done for commercial American profit,

1385
01:14:42,479 --> 01:14:45,360
Speaker 1: not at the explicit behest of a US adversary that

1386
01:14:45,439 --> 01:14:47,960
Speaker 1: wants to hurt the US population. There's only one way

1387
01:14:48,000 --> 01:14:50,479
Speaker 1: to guarantee that outcome, and that is to ban TikTok

1388
01:14:50,640 --> 01:14:53,799
Speaker 1: to see if the exact same type of content is promoted. Personally,

1389
01:14:53,880 --> 01:14:55,599
Speaker 1: I do not actually think it would change that much,

1390
01:14:55,640 --> 01:14:58,120
Speaker 1: to be honest, but let's say it's five to ten percent.

1391
01:14:58,320 --> 01:15:01,679
Speaker 1: Screw it still worth it. Third is the final argument,

1392
01:15:01,840 --> 01:15:04,639
Speaker 1: which is Americans should be free to say whatever they

1393
01:15:04,680 --> 01:15:08,799
Speaker 1: want in America. TikTok has documented instances of censoring content

1394
01:15:09,040 --> 01:15:11,479
Speaker 1: on their platform that is critical of the CCP, of

1395
01:15:11,520 --> 01:15:15,080
Speaker 1: Hong Kong protesters or of Wiker genocide. In this country,

1396
01:15:15,160 --> 01:15:17,160
Speaker 1: you should be able to say whatever the hell you

1397
01:15:17,200 --> 01:15:21,240
Speaker 1: want about America China, about whomever, within the bounds of

1398
01:15:21,280 --> 01:15:24,559
Speaker 1: the First Amendment, and then fourth and actually, finally is

1399
01:15:24,560 --> 01:15:28,519
Speaker 1: the basic issue of fairness. Right now, Google, Facebook, Twitter,

1400
01:15:28,600 --> 01:15:31,759
Speaker 1: and many others US technology companies are banned in China.

1401
01:15:32,160 --> 01:15:35,800
Speaker 1: Why should they get away with banning our flagship tech

1402
01:15:35,800 --> 01:15:39,320
Speaker 1: companies when one of theirs explodes in popularities here in

1403
01:15:39,320 --> 01:15:41,360
Speaker 1: the United States. We can make a deal with them.

1404
01:15:41,400 --> 01:15:43,600
Speaker 1: I guess you can stay here if you let us

1405
01:15:43,640 --> 01:15:45,479
Speaker 1: in there. That's not going to happen, and we all

1406
01:15:45,520 --> 01:15:48,720
Speaker 1: know it. This backwards relationship is typical of all of

1407
01:15:48,760 --> 01:15:51,840
Speaker 1: our trading relations with China. The bottom line, though, is

1408
01:15:51,880 --> 01:15:54,320
Speaker 1: the chief reason the Biden administration has leaked that they

1409
01:15:54,320 --> 01:15:56,439
Speaker 1: don't want to do this is because they're afraid of

1410
01:15:56,479 --> 01:15:59,080
Speaker 1: being called racist. They are so afraid. In fact, they

1411
01:15:59,120 --> 01:16:02,240
Speaker 1: recently shut down the China focused anti spying program out

1412
01:16:02,280 --> 01:16:04,960
Speaker 1: of concern that it was being applied in a racist fashion.

1413
01:16:05,240 --> 01:16:09,479
Speaker 1: This is after multiple documented instances of Chinese citizens coming

1414
01:16:09,479 --> 01:16:11,960
Speaker 1: to the United States, gaining access to cutting edge R

1415
01:16:12,000 --> 01:16:15,000
Speaker 1: and D programs or secret US government backed science programs,

1416
01:16:15,160 --> 01:16:18,320
Speaker 1: and then sending data back to Beijing. In fact, after

1417
01:16:18,360 --> 01:16:22,040
Speaker 1: the Biden administration closed the China Initiative, their own Justice

1418
01:16:22,040 --> 01:16:24,920
Speaker 1: Department was still forced to charge a pair of Chinese

1419
01:16:25,000 --> 01:16:28,280
Speaker 1: researchers for trying to steal proprietary m on our mRNA

1420
01:16:28,400 --> 01:16:31,760
Speaker 1: technology and send it back to China. The Chinese themselves

1421
01:16:31,840 --> 01:16:35,439
Speaker 1: have a term for this. It's called baizo. Bizo roughly

1422
01:16:35,520 --> 01:16:39,320
Speaker 1: translates to white liberal progressive views which are quote obsessed

1423
01:16:39,360 --> 01:16:43,439
Speaker 1: with political correctness and who are ignorant, arrogant Westerners who

1424
01:16:43,520 --> 01:16:46,240
Speaker 1: quote pity the rest of the world and think they

1425
01:16:46,280 --> 01:16:49,599
Speaker 1: are saviors. I have an idea. Let's just prove them wrong.

1426
01:16:49,840 --> 01:16:52,320
Speaker 1: Let's prove that we are at least as smart as

1427
01:16:52,320 --> 01:16:55,240
Speaker 1: they are, and let's just ban TikTok. Now. Now I'm

1428
01:16:55,280 --> 01:16:57,240
Speaker 1: not stupid. I know it's not going to happen, Crystal,

1429
01:16:57,400 --> 01:17:00,400
Speaker 1: but look, and if you want to hear my reaction

1430
01:17:00,439 --> 01:17:04,120
Speaker 1: to Sager's monologue, become a premium subscriber today at Breakingpoints

1431
01:17:04,160 --> 01:17:08,880
Speaker 1: dot Com. Crystal, what are you taking a look at well, guys,

1432
01:17:08,880 --> 01:17:12,120
Speaker 1: we seem to be standing at a true precipice, a

1433
01:17:12,160 --> 01:17:15,960
Speaker 1: real turning point in political, economic, and world affairs, surrounded

1434
01:17:15,960 --> 01:17:19,599
Speaker 1: by chaos and uncertainty, with really only one thing seemingly certain.

1435
01:17:19,920 --> 01:17:22,559
Speaker 1: The future is going to look nothing like the past.

1436
01:17:22,840 --> 01:17:25,720
Speaker 1: And that future is coming at us really fast. The

1437
01:17:25,760 --> 01:17:28,519
Speaker 1: recent regimes of frosting easy money from the FED, or

1438
01:17:28,560 --> 01:17:31,439
Speaker 1: the US being the sole superpower and of capital above

1439
01:17:31,520 --> 01:17:34,920
Speaker 1: all else as the only possible economic model, it looks

1440
01:17:34,920 --> 01:17:38,800
Speaker 1: increasingly likely that all of that might be ending. It's

1441
01:17:38,880 --> 01:17:41,040
Speaker 1: much harder to say what comes next. Of course, I'm

1442
01:17:41,080 --> 01:17:42,760
Speaker 1: going to explore each of those topics of the next

1443
01:17:42,760 --> 01:17:45,240
Speaker 1: few shows, but I want to start today with this question.

1444
01:17:45,640 --> 01:17:49,240
Speaker 1: Is the economy as we know it? Over? So here's

1445
01:17:49,240 --> 01:17:51,040
Speaker 1: the backstory. You guys know some of this. In the

1446
01:17:51,080 --> 01:17:54,320
Speaker 1: last decade, the FED has taken extraordinary actions twice to

1447
01:17:54,360 --> 01:17:56,760
Speaker 1: rescue the stock market, once during the housing crash and

1448
01:17:56,800 --> 01:17:59,960
Speaker 1: once during COVID. In both instances, is the market plummeted,

1449
01:18:00,200 --> 01:18:03,280
Speaker 1: the FED swooped in injecting trillions of dollars in order

1450
01:18:03,280 --> 01:18:05,439
Speaker 1: to backstop losses in the stock market, and during the

1451
01:18:05,439 --> 01:18:08,880
Speaker 1: COVID crisis, also in debt markets as well. Those actions

1452
01:18:08,920 --> 01:18:12,320
Speaker 1: were undertaken for really understandable reasons, but they've had massive

1453
01:18:12,360 --> 01:18:15,720
Speaker 1: consequences on our economic life. Now it helps to visualize

1454
01:18:15,720 --> 01:18:18,240
Speaker 1: how unusual those actions have been. So take a look

1455
01:18:18,320 --> 01:18:20,160
Speaker 1: at that chart that's on the top of your screen.

1456
01:18:20,240 --> 01:18:22,439
Speaker 1: You can see, for most of the entire history of

1457
01:18:22,479 --> 01:18:25,040
Speaker 1: the FED, the FED didn't really own a lot of stuff,

1458
01:18:25,160 --> 01:18:27,519
Speaker 1: didn't have a lot of assets on their balance sheet.

1459
01:18:27,800 --> 01:18:29,880
Speaker 1: Then with the housing crist you can see that little

1460
01:18:29,880 --> 01:18:33,519
Speaker 1: orange line jump up significantly before continuing a slow and

1461
01:18:33,560 --> 01:18:36,800
Speaker 1: steady rise through most of the twenty tens. Then we

1462
01:18:36,880 --> 01:18:38,519
Speaker 1: go through a period of leveling off and then begin

1463
01:18:38,560 --> 01:18:40,679
Speaker 1: to even decline as the FED began the long march

1464
01:18:40,760 --> 01:18:44,000
Speaker 1: down from its massive spending spree. But Low and Behold

1465
01:18:44,240 --> 01:18:47,960
Speaker 1: COVID hits market tanks and FED leaps into action once again,

1466
01:18:48,280 --> 01:18:50,599
Speaker 1: swelling its balance sheet to the equivalent of over a

1467
01:18:50,640 --> 01:18:54,320
Speaker 1: third of the US economy. Now, listen, they're complicated mechanics here,

1468
01:18:54,320 --> 01:18:56,759
Speaker 1: but the basics are really pretty simple. Fed use trillions

1469
01:18:56,760 --> 01:18:58,880
Speaker 1: of dollars to prop up the prices of basically every

1470
01:18:58,920 --> 01:19:01,720
Speaker 1: class of asset that rich pehold. It also fueled a

1471
01:19:01,840 --> 01:19:04,320
Speaker 1: huge boom in the housing market where prices have escalated

1472
01:19:04,360 --> 01:19:07,000
Speaker 1: at insane rates, with one very notable setback in two

1473
01:19:07,000 --> 01:19:09,400
Speaker 1: thousand and eight and two thousand and nine. In addition

1474
01:19:09,439 --> 01:19:11,559
Speaker 1: to pouring money into the markets, the FED is also

1475
01:19:11,880 --> 01:19:14,360
Speaker 1: more or less kept interest rates at zero for the

1476
01:19:14,479 --> 01:19:17,160
Speaker 1: entire last decade. This bottoming out of interest rates was

1477
01:19:17,160 --> 01:19:19,559
Speaker 1: actually the culmination of four decades of lowering rates and

1478
01:19:19,560 --> 01:19:22,439
Speaker 1: fits and starts, so we've been inching our way towards

1479
01:19:22,439 --> 01:19:24,880
Speaker 1: the current easy money fraud from more or less the

1480
01:19:25,040 --> 01:19:28,519
Speaker 1: entire neoliberal era. Those low rates led to the mass

1481
01:19:28,520 --> 01:19:32,800
Speaker 1: availability of cheap credit that's not inherently necessarily a bad thing.

1482
01:19:33,240 --> 01:19:35,800
Speaker 1: In fact, at a time when we desperately need to

1483
01:19:35,840 --> 01:19:40,040
Speaker 1: upgrade our infrastructure, transition to green energy, investing, universal healthcare, education,

1484
01:19:40,160 --> 01:19:42,439
Speaker 1: and generally set ourselves up for a new century of

1485
01:19:42,520 --> 01:19:46,000
Speaker 1: innovation and climate friendly growth, cheap interest rates could have

1486
01:19:46,080 --> 01:19:49,439
Speaker 1: fueled a bonanza of a long term, thoughtful investment that

1487
01:19:49,520 --> 01:19:52,639
Speaker 1: might have paid dividends for generations. Instead of doing that,

1488
01:19:53,080 --> 01:19:56,360
Speaker 1: we got Uber and one hundred different Uber spinoffs, most

1489
01:19:56,360 --> 01:19:59,600
Speaker 1: of which were actually unprofitable and could only persist in

1490
01:19:59,640 --> 01:20:02,759
Speaker 1: their businesiness models, which often undercut stable middle class employment

1491
01:20:02,760 --> 01:20:05,639
Speaker 1: by the way through the mass availability of cheap credit

1492
01:20:05,920 --> 01:20:10,640
Speaker 1: and venture capital's willingness to indefinitely subsidize their losses. Expectation

1493
01:20:11,200 --> 01:20:13,479
Speaker 1: was that eventually, if they had a massive enough customer base,

1494
01:20:13,560 --> 01:20:16,559
Speaker 1: one day they could make it profitable. Derek Thompson, who

1495
01:20:16,600 --> 01:20:19,200
Speaker 1: were talking to on Thursday, has a phenomenal article out

1496
01:20:19,720 --> 01:20:21,680
Speaker 1: and we're looking forward to speaking with him on that.

1497
01:20:21,840 --> 01:20:23,840
Speaker 1: As he writes in a piece called the End of

1498
01:20:23,880 --> 01:20:27,840
Speaker 1: the Millennial Lifestyle Subsidy in twenty nineteen, if you woke

1499
01:20:27,920 --> 01:20:30,439
Speaker 1: up on a Castro mattress, worked out with a Peloton

1500
01:20:30,560 --> 01:20:32,679
Speaker 1: uber to a we work, ordered door dash for lunch,

1501
01:20:32,760 --> 01:20:34,760
Speaker 1: took a lifto, made a blue Apron meal, and ordered

1502
01:20:34,760 --> 01:20:38,360
Speaker 1: ice cream via Postmates, you interacted with eight companies that

1503
01:20:38,520 --> 01:20:44,160
Speaker 1: collectively lost about fifteen billion dollars in one year, and

1504
01:20:44,200 --> 01:20:47,080
Speaker 1: subsidies for gigwork. That was actually, I'm a better end

1505
01:20:47,080 --> 01:20:48,880
Speaker 1: of what our economy actually did with all of this

1506
01:20:48,960 --> 01:20:51,200
Speaker 1: easy money. Entire books have been written on the way

1507
01:20:51,280 --> 01:20:54,160
Speaker 1: FED policy shaped our economy, fueling inequality as those who

1508
01:20:54,200 --> 01:20:56,800
Speaker 1: owned assets got richer and richer and everyone else was

1509
01:20:56,880 --> 01:21:00,719
Speaker 1: left behind, creating an illusion of affluences. Consumers and companies

1510
01:21:00,760 --> 01:21:04,920
Speaker 1: access cheap credit and consume subsidized services. It contributed to

1511
01:21:04,920 --> 01:21:08,280
Speaker 1: the financialization of pretty much everything. Companies could borrow money

1512
01:21:08,320 --> 01:21:11,040
Speaker 1: cheaply and were rewarded for funneling it directly to their

1513
01:21:11,080 --> 01:21:14,400
Speaker 1: investors through stock buybacks or letting it out at higher rates,

1514
01:21:14,680 --> 01:21:17,840
Speaker 1: so that rather than investing in production, labor innovation, they

1515
01:21:17,840 --> 01:21:19,960
Speaker 1: were really just feeding money into a loop with no

1516
01:21:20,040 --> 01:21:24,000
Speaker 1: real economic gain. It also floated zombie companies who lost

1517
01:21:24,040 --> 01:21:26,639
Speaker 1: money every year but kept lurching forward like the undead

1518
01:21:26,680 --> 01:21:28,920
Speaker 1: on a merry go round of cheap credit. And of

1519
01:21:28,920 --> 01:21:32,240
Speaker 1: course it created speculative manias like the crypto bubble, NFT's

1520
01:21:32,360 --> 01:21:34,840
Speaker 1: memes stocks and the like, as retail investors at the

1521
01:21:34,920 --> 01:21:37,400
Speaker 1: tail end of the cycle were convinced that they'd be

1522
01:21:37,439 --> 01:21:40,240
Speaker 1: fools to miss out on all the good times. Last part,

1523
01:21:40,280 --> 01:21:42,000
Speaker 1: by the way, is almost exactly what happened in the

1524
01:21:42,000 --> 01:21:44,639
Speaker 1: build up to the stock market crash of nineteen twenty nine.

1525
01:21:44,800 --> 01:21:48,759
Speaker 1: As stock market gambling went mainstream, regular consumers were pulled

1526
01:21:48,760 --> 01:21:53,240
Speaker 1: into the market buying stocks on marchin disaster ultimately ensued.

1527
01:21:53,240 --> 01:21:55,719
Speaker 1: Of course, they were sure to every turn they couldn't

1528
01:21:55,760 --> 01:21:58,439
Speaker 1: possibly lose, because betting on the stock market going up

1529
01:21:58,479 --> 01:22:02,080
Speaker 1: forever was a bet on the very promise of America. Now,

1530
01:22:02,120 --> 01:22:04,160
Speaker 1: the overall effect of the past decade has been to

1531
01:22:04,160 --> 01:22:08,479
Speaker 1: make our economy considerably more fake, fake prices, fake asset bubbles,

1532
01:22:08,520 --> 01:22:11,799
Speaker 1: fake billionaires, fake companies, fake let's go Brandon Meme coins.

1533
01:22:12,160 --> 01:22:15,360
Speaker 1: Restoring some sense of actual connection to real economic value,

1534
01:22:15,360 --> 01:22:19,000
Speaker 1: connecting prices to reality is ultimately necessary. But that doesn't

1535
01:22:19,040 --> 01:22:22,719
Speaker 1: mean it's not going to be extremely painful in the meantime,

1536
01:22:23,160 --> 01:22:25,000
Speaker 1: Nor is it clear that the Fed will actually even

1537
01:22:25,040 --> 01:22:27,040
Speaker 1: go through with it if the markets go full nineteen

1538
01:22:27,080 --> 01:22:29,000
Speaker 1: twenty nine crash. Are they're really going to keep pushing

1539
01:22:29,000 --> 01:22:31,720
Speaker 1: the rates higher and unloading assets off the balance sheet?

1540
01:22:32,120 --> 01:22:36,080
Speaker 1: Should they? There are literally no good answers here. Every

1541
01:22:36,200 --> 01:22:39,160
Speaker 1: choice at this juncture involves a lot of pain, and

1542
01:22:39,200 --> 01:22:40,559
Speaker 1: I would be lying to you if I told you

1543
01:22:40,600 --> 01:22:42,400
Speaker 1: I know exactly how this is going to play out,

1544
01:22:42,600 --> 01:22:44,360
Speaker 1: how it's going to change your life, other than some

1545
01:22:44,400 --> 01:22:47,599
Speaker 1: really specific things that seem pretty clear. Mortgage rates already

1546
01:22:47,600 --> 01:22:50,760
Speaker 1: spiking at record rates. Those subsidized companies are getting real

1547
01:22:50,840 --> 01:22:52,559
Speaker 1: with what it actually caused to have a human hand

1548
01:22:52,600 --> 01:22:55,439
Speaker 1: delivered Doritos to your door, and we are very likely

1549
01:22:55,560 --> 01:22:58,040
Speaker 1: to have a full on recession with all of its

1550
01:22:58,080 --> 01:23:01,800
Speaker 1: attendant misery and ultimately death. The real horror of this

1551
01:23:01,880 --> 01:23:04,400
Speaker 1: situation is the people who got rich from the FED policy.

1552
01:23:04,439 --> 01:23:05,880
Speaker 1: They are also going to be the people in position

1553
01:23:05,920 --> 01:23:08,759
Speaker 1: of profit, like vultures from all of that pain, scooping

1554
01:23:08,840 --> 01:23:12,320
Speaker 1: up even more assets, consolidating more monopolies as homeowners are

1555
01:23:12,360 --> 01:23:15,120
Speaker 1: foreclosed on and small businesses go under, and those who

1556
01:23:15,160 --> 01:23:17,759
Speaker 1: got in on the tail end of the boom thinking

1557
01:23:17,800 --> 01:23:20,559
Speaker 1: it was their turn to get ahead, they are going

1558
01:23:20,640 --> 01:23:24,240
Speaker 1: to be crushed. And only time will tell whether or

1559
01:23:24,280 --> 01:23:27,200
Speaker 1: not we are too far gone down the path of financialization,

1560
01:23:27,720 --> 01:23:31,599
Speaker 1: zombie companies pumping up schemes and venture delusions to ever

1561
01:23:31,800 --> 01:23:35,439
Speaker 1: make it back to reality. I really feel like we

1562
01:23:35,479 --> 01:23:38,000
Speaker 1: are at this moment of completely real and if you

1563
01:23:38,000 --> 01:23:40,760
Speaker 1: want to hear my reaction to Crystal's monologue, become a

1564
01:23:40,800 --> 01:23:46,800
Speaker 1: premium subscriber today at Breakingpoints dot com. So joining us

1565
01:23:46,800 --> 01:23:50,640
Speaker 1: now to break down the results of the French legislative

1566
01:23:50,680 --> 01:23:53,120
Speaker 1: elections and also, of course, most importantly what they mean

1567
01:23:53,160 --> 01:23:55,200
Speaker 1: for all of us. Is Daniel nan Shaney and he

1568
01:23:55,400 --> 01:23:58,000
Speaker 1: is the editor in chief of Bolts Magazine. Great to

1569
01:23:58,000 --> 01:24:00,439
Speaker 1: see you, Daniel, It's great to be back. Thanks for

1570
01:24:00,479 --> 01:24:03,840
Speaker 1: having me. So we have your preliminary tweet, and I

1571
01:24:03,840 --> 01:24:05,760
Speaker 1: don't know if some of these results have shifted, but

1572
01:24:05,800 --> 01:24:07,400
Speaker 1: let's go ahead and put this up on the screen.

1573
01:24:07,960 --> 01:24:11,880
Speaker 1: So likely break down a full new French parliament going

1574
01:24:11,920 --> 01:24:15,160
Speaker 1: off of la mon Franz Macron. He's, of course the

1575
01:24:15,200 --> 01:24:18,040
Speaker 1: income and president. He got about two hundred and forty

1576
01:24:18,080 --> 01:24:19,760
Speaker 1: nine seats, says about one hundred and two down from

1577
01:24:19,760 --> 01:24:22,240
Speaker 1: where he was. The left coalition got one hundred and

1578
01:24:22,240 --> 01:24:25,240
Speaker 1: fifty five. That's a major gain, but not everything that

1579
01:24:25,280 --> 01:24:29,960
Speaker 1: they wanted. The right, quite surprisingly, the right got seventy one,

1580
01:24:29,960 --> 01:24:33,760
Speaker 1: and then the Penn's Party, which is the sort of

1581
01:24:33,760 --> 01:24:37,360
Speaker 1: far right party, they surged quite surprisingly to around eighty nine.

1582
01:24:37,520 --> 01:24:41,920
Speaker 1: So the overall result is Macron is blocked from getting

1583
01:24:42,000 --> 01:24:45,479
Speaker 1: a majority. This, I understand is quite extraordinary in recent

1584
01:24:45,520 --> 01:24:48,559
Speaker 1: French history. So talk us through those results and what

1585
01:24:48,640 --> 01:24:52,400
Speaker 1: the likely implications are, right, that's that's right, and I

1586
01:24:52,479 --> 01:24:56,120
Speaker 1: understand it can be a bit confusing to navigate that

1587
01:24:56,920 --> 01:25:00,040
Speaker 1: for that fore camp those four camps, and they're the

1588
01:25:00,160 --> 01:25:03,559
Speaker 1: numbers you saw there are almost identical to what was

1589
01:25:03,600 --> 01:25:06,360
Speaker 1: announced a couple of hours later as the final results.

1590
01:25:07,720 --> 01:25:11,320
Speaker 1: So you know the in recent French history, and by

1591
01:25:11,320 --> 01:25:14,280
Speaker 1: that I mean the past forty years, six fifty years,

1592
01:25:14,360 --> 01:25:18,559
Speaker 1: it's been very much a left versus right, rev versus

1593
01:25:18,640 --> 01:25:23,080
Speaker 1: right camps start facing one another and one or the

1594
01:25:23,120 --> 01:25:26,160
Speaker 1: other got a majority. But now that we have seen

1595
01:25:26,160 --> 01:25:29,960
Speaker 1: a fragmentation of the of the parties in France, you know,

1596
01:25:30,560 --> 01:25:33,000
Speaker 1: much like we're seeing in many other countries in Europe

1597
01:25:33,800 --> 01:25:37,760
Speaker 1: to some extent in the US as well, we that

1598
01:25:37,760 --> 01:25:42,599
Speaker 1: that's become much more obviously complicated. And for the first

1599
01:25:42,600 --> 01:25:46,080
Speaker 1: time this is this is the weakest that a parality

1600
01:25:46,120 --> 01:25:49,280
Speaker 1: party has been in the current French regime. And so

1601
01:25:49,320 --> 01:25:52,880
Speaker 1: we really in presented grounds right now as to what

1602
01:25:53,160 --> 01:25:56,280
Speaker 1: the Macrome Party, which technically has a parality, but it's

1603
01:25:56,360 --> 01:25:58,640
Speaker 1: quite far from the majority, is going to do to

1604
01:25:58,680 --> 01:26:01,160
Speaker 1: be able to govern, because you can't really do anything

1605
01:26:01,160 --> 01:26:03,960
Speaker 1: in France without the Parliament in terms of passing laws,

1606
01:26:04,400 --> 01:26:07,400
Speaker 1: in terms of really passing anything, and they don't necessarily

1607
01:26:07,439 --> 01:26:11,040
Speaker 1: have a clear other ally that is willing to enter

1608
01:26:11,120 --> 01:26:14,080
Speaker 1: a formal pact with them. So the most that we're

1609
01:26:14,080 --> 01:26:16,680
Speaker 1: going to see in the coming month, coming year is

1610
01:26:16,720 --> 01:26:22,360
Speaker 1: going to be very informal minority government with informal moments

1611
01:26:23,600 --> 01:26:26,479
Speaker 1: on specific bills, specific text getting to a majority. You know,

1612
01:26:26,520 --> 01:26:28,880
Speaker 1: there's a lot of results to unpack here, but the

1613
01:26:28,880 --> 01:26:31,920
Speaker 1: big one again is that the in common president Emanuel Macrome,

1614
01:26:32,520 --> 01:26:35,800
Speaker 1: expected to have a very strong majority and everything sort

1615
01:26:35,840 --> 01:26:37,439
Speaker 1: of collapsed in the course of a month or two

1616
01:26:37,800 --> 01:26:40,519
Speaker 1: and they find themselves unable right now to govern with

1617
01:26:41,280 --> 01:26:43,600
Speaker 1: any sort of stability. What should we make of the

1618
01:26:43,760 --> 01:26:46,840
Speaker 1: La penn party results? How much does that match in

1619
01:26:46,920 --> 01:26:50,240
Speaker 1: the general the previous election. What does it mean in

1620
01:26:50,280 --> 01:26:53,000
Speaker 1: terms of governance for that party to have so many seats?

1621
01:26:53,680 --> 01:26:56,559
Speaker 1: It really can't be understated how much that is The

1622
01:26:56,760 --> 01:27:00,559
Speaker 1: main headline, the main tackway in this election is the

1623
01:27:00,600 --> 01:27:05,360
Speaker 1: fact that Lapen's party got eighty nine seats, so you know,

1624
01:27:05,439 --> 01:27:08,559
Speaker 1: in some way they're still very very far away from

1625
01:27:08,600 --> 01:27:12,080
Speaker 1: a majority, so that that could be taken as a

1626
01:27:12,080 --> 01:27:15,360
Speaker 1: sign of weakness from maybe outside of the context. But

1627
01:27:15,600 --> 01:27:18,519
Speaker 1: as you may have seen in the tweet that started

1628
01:27:18,560 --> 01:27:21,800
Speaker 1: the segment, they had eight seats in the parliament that

1629
01:27:21,960 --> 01:27:25,519
Speaker 1: just preceded this one, and that's where they've always been. Now,

1630
01:27:26,040 --> 01:27:29,280
Speaker 1: you know, we have all heard of Lupen for so long.

1631
01:27:29,479 --> 01:27:34,320
Speaker 1: They've obviously been a very strong party in France and

1632
01:27:34,360 --> 01:27:37,000
Speaker 1: they always for many for at least ten to fifteen

1633
01:27:37,040 --> 01:27:39,640
Speaker 1: years have been stabilized around twenty twenty five percent of

1634
01:27:39,640 --> 01:27:42,200
Speaker 1: the vote. What really changed right now is that France

1635
01:27:42,240 --> 01:27:45,200
Speaker 1: has a two round system where in the second round

1636
01:27:45,280 --> 01:27:47,719
Speaker 1: you need to get a majority of all votes cast

1637
01:27:48,040 --> 01:27:50,160
Speaker 1: to actually get a seat in parliament. You know, you

1638
01:27:50,600 --> 01:27:53,200
Speaker 1: need to get a majority of the votes because it's

1639
01:27:53,200 --> 01:27:57,280
Speaker 1: the two round runoff. And that's been a huge obstacle

1640
01:27:57,640 --> 01:27:59,880
Speaker 1: to the far right because all of the other party

1641
01:28:00,040 --> 01:28:03,800
Speaker 1: effectively form what in France called the Republican Front to

1642
01:28:03,920 --> 01:28:06,120
Speaker 1: block the far right from getting fifty percent. So they

1643
01:28:06,160 --> 01:28:08,400
Speaker 1: all sort of call us around whoever the alternative to

1644
01:28:08,479 --> 01:28:13,160
Speaker 1: Lupez Party is. And that's what, unprecedentedly in French recent

1645
01:28:13,200 --> 01:28:18,240
Speaker 1: history just imploded this week and that just entirely just

1646
01:28:18,280 --> 01:28:21,760
Speaker 1: went out of the window, just like that, and they

1647
01:28:21,800 --> 01:28:26,000
Speaker 1: went from eight seats to eighty nine suddenly. And in

1648
01:28:26,040 --> 01:28:30,920
Speaker 1: like in many many constituencies, many many districts, Lupez Party

1649
01:28:30,920 --> 01:28:35,519
Speaker 1: got fifty five, sixty sometimes sixty five percent of the vote,

1650
01:28:36,479 --> 01:28:39,320
Speaker 1: as as the other as the party, as the voters

1651
01:28:39,320 --> 01:28:42,160
Speaker 1: of the eliminated party just didn't call us against the

1652
01:28:42,160 --> 01:28:44,160
Speaker 1: far right, and that, you know, obviously is a very

1653
01:28:44,240 --> 01:28:46,800
Speaker 1: very very big change in French politics. Got what do

1654
01:28:46,800 --> 01:28:52,759
Speaker 1: you attribute that to? Right? So you know, what really

1655
01:28:52,880 --> 01:28:55,840
Speaker 1: changed over the past eight nine days. That's very new.

1656
01:28:55,920 --> 01:28:58,960
Speaker 1: You know, there's obviously been a very slow erosion of

1657
01:28:59,160 --> 01:29:03,599
Speaker 1: the so called Publican Front over the past twenty thirty years,

1658
01:29:03,640 --> 01:29:05,080
Speaker 1: you know, and I'm not going to do the whole

1659
01:29:05,160 --> 01:29:09,160
Speaker 1: history of every small change that happened to that Republican Front.

1660
01:29:09,360 --> 01:29:11,880
Speaker 1: What really changed over the past eight days is that

1661
01:29:12,080 --> 01:29:15,200
Speaker 1: the Macrome camp, which you know is a center center

1662
01:29:15,280 --> 01:29:20,799
Speaker 1: right force right now found itself against the Left coalition,

1663
01:29:20,960 --> 01:29:25,000
Speaker 1: an unexpectedly strong left coalition that didn't exist two months

1664
01:29:25,040 --> 01:29:29,479
Speaker 1: ago and managed to form a coalition and find find

1665
01:29:29,520 --> 01:29:32,879
Speaker 1: itself in a runoff in you know, the vast majority

1666
01:29:32,920 --> 01:29:37,320
Speaker 1: of district often against the Macrome Party, and the Party

1667
01:29:37,960 --> 01:29:42,240
Speaker 1: of Macron decided as their main strategy to opt for

1668
01:29:42,439 --> 01:29:45,719
Speaker 1: to effectively co opt the language of the Republican Front

1669
01:29:46,000 --> 01:29:49,400
Speaker 1: that it's used against the far right against the left coalition,

1670
01:29:49,600 --> 01:29:52,400
Speaker 1: still starting to say things like we need to have

1671
01:29:52,439 --> 01:29:57,280
Speaker 1: a republican front against the left coalition, starting to say

1672
01:29:58,520 --> 01:30:04,080
Speaker 1: calling for a barrage a shield against the left coalition,

1673
01:30:04,680 --> 01:30:06,880
Speaker 1: and and you and you know this, this created some

1674
01:30:06,960 --> 01:30:10,960
Speaker 1: tensions even within the majority of the president's party, but

1675
01:30:11,760 --> 01:30:14,840
Speaker 1: saying that the left and the far right are equivalent

1676
01:30:14,880 --> 01:30:16,519
Speaker 1: to one another in terms of the threat that they

1677
01:30:16,560 --> 01:30:20,120
Speaker 1: put to the republic. The president said a week ago

1678
01:30:20,320 --> 01:30:23,599
Speaker 1: that you need to vote for the republic, meaning for

1679
01:30:23,640 --> 01:30:27,720
Speaker 1: his party, effectively casting all of his opposition in the

1680
01:30:27,760 --> 01:30:33,400
Speaker 1: anti Republican camp. And that just automatically erodes everywhere the

1681
01:30:33,439 --> 01:30:37,360
Speaker 1: ability of voters to think of the Pens Party as

1682
01:30:37,560 --> 01:30:41,280
Speaker 1: as a specific threat to to you know, the breast

1683
01:30:41,360 --> 01:30:45,960
Speaker 1: of the democratic debate, and contributed greatly over the past

1684
01:30:45,960 --> 01:30:51,680
Speaker 1: week to imploding that anti Lupen front. The other thing,

1685
01:30:51,760 --> 01:30:54,640
Speaker 1: Daniel I was curious about, And I know you're not

1686
01:30:54,680 --> 01:30:56,640
Speaker 1: supposed to ask a question you don't know the answer to,

1687
01:30:56,680 --> 01:30:58,759
Speaker 1: but I genuinely don't have an answer to this because

1688
01:30:58,800 --> 01:31:02,200
Speaker 1: I don't have a sophist dedicated understanding of French politics

1689
01:31:02,240 --> 01:31:05,759
Speaker 1: or the mechanics of the French legislative branch. But because

1690
01:31:05,840 --> 01:31:09,800
Speaker 1: Macron was unable to win an outright majority, does that

1691
01:31:09,880 --> 01:31:13,160
Speaker 1: make it likely that his policies will be pulled more

1692
01:31:13,200 --> 01:31:15,719
Speaker 1: to the right. Because I read some analysis, the most

1693
01:31:16,240 --> 01:31:19,599
Speaker 1: likely partners that he is going to find on some

1694
01:31:19,640 --> 01:31:23,600
Speaker 1: of his legislation legislative initiatives, in particular like lifting the

1695
01:31:23,720 --> 01:31:26,800
Speaker 1: retirement age, are going to come even more to the

1696
01:31:26,920 --> 01:31:30,880
Speaker 1: right of where his party is situated. So do you

1697
01:31:30,920 --> 01:31:33,200
Speaker 1: think that the end effect of this is to actually

1698
01:31:33,240 --> 01:31:36,360
Speaker 1: pull Macron's party, even in his legislative agenda, even more

1699
01:31:36,360 --> 01:31:42,920
Speaker 1: to the right. Probably, But it's a slight unknown right now,

1700
01:31:42,920 --> 01:31:45,639
Speaker 1: because in some ways the Macron party ended up so weak,

1701
01:31:45,720 --> 01:31:49,280
Speaker 1: even we weaker than the final polls indicated that the

1702
01:31:49,360 --> 01:31:53,599
Speaker 1: addition of his party and the traditional conservative party which

1703
01:31:53,640 --> 01:31:56,479
Speaker 1: is called the Republicans and Francis as well, so easy

1704
01:31:56,600 --> 01:32:00,880
Speaker 1: enough from an American standpoint that their addition and barely

1705
01:32:00,920 --> 01:32:04,360
Speaker 1: gets to a majority. And the Republican Party doesn't have

1706
01:32:04,439 --> 01:32:07,760
Speaker 1: particular incentives right now to help my CON's party because

1707
01:32:07,800 --> 01:32:12,320
Speaker 1: they want they are it's easier in the opposition, and

1708
01:32:12,400 --> 01:32:15,559
Speaker 1: they certainly will not form an actual coalition. It is

1709
01:32:15,600 --> 01:32:18,960
Speaker 1: true that on text by text, bill by bill, when

1710
01:32:19,000 --> 01:32:22,559
Speaker 1: it comes down to voting things, the President's party is

1711
01:32:22,560 --> 01:32:23,920
Speaker 1: going to look to its right, it's going to look

1712
01:32:23,960 --> 01:32:28,240
Speaker 1: to a Republican party to get to majority on certain texts.

1713
01:32:28,240 --> 01:32:32,120
Speaker 1: That's just where it is, and that's you know, the

1714
01:32:32,760 --> 01:32:36,320
Speaker 1: to some degree, that's in part because the ideological ties

1715
01:32:36,439 --> 01:32:40,799
Speaker 1: between Emanuel my Home and the Conservatives are already quite strong.

1716
01:32:41,600 --> 01:32:43,559
Speaker 1: You know, in some ways they might be pulled for

1717
01:32:43,560 --> 01:32:47,120
Speaker 1: for further to the right on specific amendments, but it's

1718
01:32:47,160 --> 01:32:52,960
Speaker 1: not like fundamentally changing the fabric of what of what

1719
01:32:53,280 --> 01:32:59,320
Speaker 1: the president's priorities are, especially when it comes to economic issues,

1720
01:32:59,360 --> 01:33:01,920
Speaker 1: as you just mentionedstill and that's something I know we've

1721
01:33:01,920 --> 01:33:04,920
Speaker 1: discussed in the past. One of his main planks that

1722
01:33:04,960 --> 01:33:09,799
Speaker 1: he ran on is to raise the retirement in France.

1723
01:33:09,880 --> 01:33:13,519
Speaker 1: That's obviously something that conservatives will find to their to

1724
01:33:14,360 --> 01:33:15,960
Speaker 1: they will find it, they like it if they want to.

1725
01:33:16,280 --> 01:33:20,759
Speaker 1: But it's just that that explosive reform in the context

1726
01:33:20,800 --> 01:33:25,120
Speaker 1: of French politics, given how easily social movements start, labor

1727
01:33:25,120 --> 01:33:26,800
Speaker 1: movements start in France, that for a government to do

1728
01:33:26,800 --> 01:33:31,479
Speaker 1: that so from such a position of weakness would just

1729
01:33:31,520 --> 01:33:34,120
Speaker 1: be very surprising, this at the stage, as opposed to

1730
01:33:34,160 --> 01:33:38,599
Speaker 1: just being unable to do much at all. And then, lastly, Daniel,

1731
01:33:38,720 --> 01:33:41,120
Speaker 1: what do you think this rebuke of Macron is about,

1732
01:33:41,439 --> 01:33:45,200
Speaker 1: because also, I mean, obviously he won reelection and pretty easily,

1733
01:33:45,280 --> 01:33:47,719
Speaker 1: but at least as an out outside observer and listening

1734
01:33:47,760 --> 01:33:50,160
Speaker 1: to your analysis, that seemed more of a vote against

1735
01:33:50,240 --> 01:33:53,400
Speaker 1: La Penn than it was affirmatively a vote for Macron.

1736
01:33:53,720 --> 01:33:56,880
Speaker 1: And then this is really quite a stunning rebuke of

1737
01:33:57,080 --> 01:33:59,040
Speaker 1: him and of his party and of the direction he's

1738
01:33:59,080 --> 01:34:02,120
Speaker 1: been taking this. So what do you put at the

1739
01:34:02,160 --> 01:34:06,320
Speaker 1: core of that rebuke in terms of voters' concerns? Right?

1740
01:34:06,400 --> 01:34:08,400
Speaker 1: I mean, you know, there's so much happening here, and

1741
01:34:08,439 --> 01:34:10,160
Speaker 1: it really gets to what we were talking about earlier.

1742
01:34:10,200 --> 01:34:14,200
Speaker 1: The fact that Macron got such well, got a fairly

1743
01:34:14,280 --> 01:34:16,680
Speaker 1: strong victory against the pandom much weaker one than five

1744
01:34:16,760 --> 01:34:20,040
Speaker 1: years ago in the presidential election, was in part a

1745
01:34:20,080 --> 01:34:22,559
Speaker 1: symptom of how strong the Republican Front, as I was

1746
01:34:22,600 --> 01:34:26,000
Speaker 1: explaining still was to two months ago, and especially in

1747
01:34:26,000 --> 01:34:29,479
Speaker 1: the context of the presidential election. He only got twenty

1748
01:34:29,479 --> 01:34:31,719
Speaker 1: five percent in the first round, which was actually quite weak.

1749
01:34:31,960 --> 01:34:35,120
Speaker 1: And we're seeing some of the same forces we're seeing elsewhere. Right.

1750
01:34:35,160 --> 01:34:42,639
Speaker 1: We're seeing a very strong left opposition to Macron, angered

1751
01:34:42,680 --> 01:34:44,320
Speaker 1: in part by some of the policies that we were

1752
01:34:44,360 --> 01:34:49,559
Speaker 1: just discussing on wanting to weaken the reharment system right now,

1753
01:34:49,680 --> 01:34:53,240
Speaker 1: or at least weaken the pievention system. And we're seeing

1754
01:34:53,240 --> 01:34:55,040
Speaker 1: a lot of anger. We've seen a lot of angers

1755
01:34:55,080 --> 01:35:00,360
Speaker 1: over the past five years on health policies, right, you know,

1756
01:35:00,439 --> 01:35:03,639
Speaker 1: some of the same conversations we've seen in the United States.

1757
01:35:03,640 --> 01:35:06,559
Speaker 1: So maybe at a different scale. You know, a lot

1758
01:35:06,600 --> 01:35:10,560
Speaker 1: of a lot of a lot of divide between the

1759
01:35:10,680 --> 01:35:13,439
Speaker 1: urban vote and the rural vote and the suburban vote.

1760
01:35:13,479 --> 01:35:16,080
Speaker 1: And maybe the president's strength in France is that he

1761
01:35:16,200 --> 01:35:19,200
Speaker 1: sort of is at a mediocre level everywhere had there

1762
01:35:19,960 --> 01:35:22,479
Speaker 1: quite a particularly strong in one place or another, which

1763
01:35:22,760 --> 01:35:25,240
Speaker 1: you know, the left has been stronger in urban areas,

1764
01:35:25,280 --> 01:35:29,680
Speaker 1: the far right or conservatives in more rural areas, and

1765
01:35:29,760 --> 01:35:32,840
Speaker 1: so in the same the same factors of economic instability

1766
01:35:32,840 --> 01:35:35,800
Speaker 1: and macron d dowing. Between the presidential election and the

1767
01:35:35,800 --> 01:35:38,080
Speaker 1: parliamentary election, frankly, he really thought he was going to

1768
01:35:38,080 --> 01:35:40,160
Speaker 1: get a majority. This was not supposed to happen, This

1769
01:35:40,320 --> 01:35:43,360
Speaker 1: was not supposed to be competitive, and he made as

1770
01:35:43,400 --> 01:35:47,520
Speaker 1: prime minister. He installed someone with very liable experience in politics,

1771
01:35:47,520 --> 01:35:53,400
Speaker 1: with a more technocratic background, again leaning into his propensity

1772
01:35:53,400 --> 01:35:56,040
Speaker 1: of trying to centralized power and thinking he was going

1773
01:35:56,080 --> 01:35:58,479
Speaker 1: to have very easy time for five years. And you know,

1774
01:35:59,120 --> 01:36:01,200
Speaker 1: all of these are things that I think from an

1775
01:36:01,200 --> 01:36:05,479
Speaker 1: American perspective, we can see why there is from both

1776
01:36:05,479 --> 01:36:08,160
Speaker 1: the left end the right opposition to that sort of

1777
01:36:08,240 --> 01:36:12,639
Speaker 1: way of governing. Yeah, indeed, we definitely see it here,

1778
01:36:13,240 --> 01:36:16,040
Speaker 1: saw it just in Colombia as well. You know, some

1779
01:36:16,080 --> 01:36:19,519
Speaker 1: of these trends seem to be significant across really around

1780
01:36:19,560 --> 01:36:21,439
Speaker 1: the globe. So Daniel, thank you so much for breaking

1781
01:36:21,439 --> 01:36:24,519
Speaker 1: this down, helping us, helping us to understand it. Thanks Daniel, awesome,

1782
01:36:24,800 --> 01:36:28,080
Speaker 1: Thanks for having me our pleasure. Thank you guys so

1783
01:36:28,160 --> 01:36:30,760
Speaker 1: much for watching. Really appreciate it. As for all the

1784
01:36:30,760 --> 01:36:34,960
Speaker 1: premium subscribers, the announcement it's coming Thursday, We've been assured

1785
01:36:35,160 --> 01:36:38,320
Speaker 1: it's finally done, we filled out the forms, it's happening

1786
01:36:38,439 --> 01:36:41,040
Speaker 1: all right. For all of your support and more, it

1787
01:36:41,080 --> 01:36:42,880
Speaker 1: means a lot. As we said yesterday, you going on

1788
01:36:42,920 --> 01:36:45,720
Speaker 1: Bill Maher was like a great affirmation of what we do.

1789
01:36:45,760 --> 01:36:47,599
Speaker 1: I've never been happier in order to do the show

1790
01:36:47,680 --> 01:36:50,720
Speaker 1: exactly the way that we do. And it's awesome, you know,

1791
01:36:50,800 --> 01:36:53,200
Speaker 1: just meeting people out in the wild and hearing what

1792
01:36:53,280 --> 01:36:55,200
Speaker 1: the show means to them. So thank you for all

1793
01:36:55,240 --> 01:36:58,760
Speaker 1: the premium people who support us and who really just

1794
01:36:58,840 --> 01:37:00,760
Speaker 1: help support our vision because as we could not do

1795
01:37:00,800 --> 01:37:03,160
Speaker 1: it without you. Love you guys and We will see

1796
01:37:03,200 --> 01:37:20,920
Speaker 1: y'all back here on Thursday.